$AAVE

/USDT Technical Analysis

Momentum: Bullish (Current Price: $372.52, +2.37%)

AAVE has rebounded strongly after testing the $356.10 support level and is trading near $372.

Strong buying volume observed with rising momentum indicating a potential breakout above resistance levels.

Key Levels to Watch

1. Support Level: $356.10 (24h low and critical support zone).

2. Resistance Level: $380.46 (24h high).

Trade Signal: Buy

Entry: $372-$375

Stop-loss: Below $356

Targets 🎯

1. Target 1: $380 (Short-term resistance; previous high).

2. Target 2: $390 (Next resistance zone; potential for breakout).

3. Target 3: $410 (High momentum could lead to extended gains).

Momentum Indicators:

RSI: Trending upward (above 50, approaching overbought levels).

MACD: Positive crossover, suggesting bullish momentum.

Summary:

With a solid support base and increasing buying activity, AAVE/USDT shows bullish potential in the short term. However, watch for rejection near $380-$390 resistance zones. Always use stop-losses to mitigate risk!

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