AAVE/USDT Technical Analysis: Bullish Momentum in Play 🚀
AAVE/USDT has been showing strong bullish momentum recently, with a +23.34% increase in the last 24 hours, currently trading around $160.66. The price is steadily approaching key resistance levels, and there’s significant market interest, with 552,370 AAVE traded in the last 24 hours.
Key Levels to Watch:
1. Support Zone - $137.88 (SAR):
The SAR (Stop and Reverse) indicator shows a support level at $137.88, indicating potential buying pressure if the price retraces. If AAVE/USDT holds above this level, further upside momentum is likely.
2. Resistance Level - $162.56:
The 24h high of $162.56 is a key resistance zone. If AAVE breaks above this level, we could see a continuation of the bullish trend towards new highs.
3. Target 1 - $164.41 (Binance Price):
Currently, the price on Binance is at $164.41. This is a potential short-term target for traders looking to capitalize on the upward move.
Bullish Outlook:
With the current momentum, AAVE could push through the resistance at $162.56 and reach $164.41, potentially testing new highs.
The 24h volume of $83.04M is also a bullish signal, indicating strong market interest.
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