$AAVE gains face market resistance – What’s next for the crypto? - AMBCrypto Analytics

Tading at $145.80 at press time, AAVE was just $14.21 shy of its earlier high of $160.01. AMBCrypto’s analysis revealed that AAVE’s recent rally was triggered by its rebound from the midline of a major support level at $138.16. 

However, AAVE has encountered a four-hour resistance level at $146.69, which coincides with a high selling pressure that could potentially drive the price lower, possibly back to or below the support range between $140.06 and $136.12.

Should the support level break, AAVE’s price could likely decline further, potentially falling as low as $123.18, especially with intensified selling pressure.