AAVE/USDT Chart Analysis
Resistance and Support Levels
Resistance:
The price seems to have encountered resistance around the 127.75 level, as indicated by the previous high and the recent rejection of this price.
Support: A potential support level can be observed around the 117.63 level, which is the previous low.
Candle Pattern
Doji and Indecisive Candles: The chart also shows some doji and indecisive candlesticks, which can signal indecision among market participants and potential trend reversals.
Based on the provided chart, it observe:
Periods of increased volume during price rallies, suggesting buying interest.
Some periods of lower volume during sideways or downward price movements.
