$AAVE $AAVE

🚀 AAVE/USD Technical Analysis – December 12, 2024

Trading at 346.28, AAVE/USD is navigating a critical zone, with key support and resistance levels shaping the short-term outlook. The market’s next move could provide significant opportunities for traders.

📉 Support Levels:

340.00 is the immediate support. A breakdown here could lead to a dip toward 330.00 and further to 320.00 if bearish momentum persists.

📈 Resistance Levels:

350.00 is the immediate resistance. A breakout above this level could pave the way for AAVE to test 360.00, with further potential toward 370.00 in an extended bullish scenario.

🔥 Entry Strategy:

For those aiming to go long, consider entering near 346.28, with a stop loss just below 340.00. If the price breaks 350.00, it could signal further upside, targeting 360.00 or higher.

📊 Outlook:

AAVE/USD is at a decisive point. A breakout above 350.00 may trigger bullish momentum, while losing support at 340.00 could result in deeper retracement. Traders should monitor these levels to catch the next big move.

AAVE traders, stay vigilant—the market is ripe for action, and opportunities are within reach!

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