A dear follower asked me what I think about $AEVO , so here's a bit more of Technical Analysis with a quick look at this crypto asset. As I've highlighted in the image, there's an all-time high (ATH) that occurred when it was listed via #BinanceLaunchpool , which triggered a pretty strong initial FOMO, followed by selling pressure as I explained in my pinned post on my LocademiaCripto profile.
🔥 I've drawn the psychological ATH so we can consider what price it needs to reach and prepare ourselves for potential turbulence, as those who bought in that zone will be very tempted to sell as the price provides them with gains!
🔥 Keep in mind that since yesterday at 9:00 PM (UTC-3), the MACD signaled bullish strength, making today's daily candle very green! I've also marked it on the chart, see how the price has evolved since that trend confirmation!!!

👉But what is AEVO? Aevo is a decentralized derivatives exchange platform, focused on options and perpetual trading. The DEX runs on Aevo L2, an Ethereum roll-up based on the OP Stack.

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