đš $AAVE /USDT Technical Analysis â Is a Rebound Near? đ
AAVE has faced significant bearish pressure, dropping 7.09% in the last 24 hours, with the price currently sitting at $304.32. Hereâs a breakdown of the potential movement with three key targets:
đ Key Insights:
Support Zone: $300 - A critical level to watch. If broken, further downside could occur.
Resistance Levels:
Target 1 đŻ $320: A bounce-back to this level would indicate short-term recovery.
Target 2 đŻ $344: Retesting the 24-hour high is possible if bullish momentum strengthens.
Target 3 đŻ $360: If AAVE flips $344 into support, we could see an extended rally to this zone.
đ Indicators:
RSI: Showing oversold conditions, signaling a potential rebound.
MACD: Bearish crossover; buyers need to step in to reverse the trend.
Volume: Increasing trading activity hints at upcoming volatility.
Summary:
AAVE/USDT is at a pivotal point. If it holds the $300 support level, we might see an upward trend aiming for $320 and beyond. However, if this level breaks, the next downside target could be around $285.
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