AAVE
AAVE/USDT recently experienced a strong rebound, currently trading at $377.53, having touched a 24-hour low of $371.42. The sharp rise in price indicates a restoration of buyer confidence, and a significant green candle may signal a reversal of the short-term trend. The recent high of $377.75 presents minor resistance, while the high of $399.85 within 24 hours is a key resistance area for further gains.
Key Technical Levels
Resistance Level: $377.75 — If this level is broken, AAVE may retest the $399.85 area.
Support Level: $373.18 — Maintaining this support is crucial for sustaining the upward trend.
In the past 24 hours, over 601,520 AAVE have been traded, showing strong market interest. This indicates that buyers are actively participating, seizing the opportunity presented by this breakout. Traders should watch whether the price can hold above $377.75 to confirm further bullish momentum.
Trading Opportunities
Despite the current volatility, a pullback to near the support level may provide an opportunity to re-enter the market. Given the current upward momentum and high trading volume, AAVE is expected to continue rising, but investors should closely monitor key technical levels to seize optimal trading moments.
