AAVE’s Broken Trendline Signals Potential Decline

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AAVE has recently broken through its downward trendline and completed a pullback to this level. With the price currently sitting at $145, there is potential for a further decline. Analysts suggest that AAVE could drop to around $120, which might serve as a key support level.

Current Market Outlook :

- Price : $145

- Potential Decline : Targeting $120 as the next support level

- Previous Trendline : Broken and retested

Conclusion :

AAVE’s broken trendline suggests a possible continuation of the downward movement, potentially finding support at $120.

Advice for Traders :

Monitor the $120 level closely for signs of support before considering long positions. A breakdown below $120 could signal further declines, so plan risk management accordingly.