Here’s the technical analysis report for $AAVE /USDT:

$AAVE /USDT is currently trading at $150.38, with a strong 10.52% increase over the last 24 hours. The price has risen from a low of $134.03, reaching a high of $153.12 during this rally, reflecting renewed buying interest. The bullish momentum has pushed AAVE beyond key levels of support, signaling strong upward movement in the short term. The immediate resistance lies at $153.12, and a breakout above this level could fuel further gains.

If the price breaks the resistance at $153.12, it could target the next resistance around $154.08, which may act as a barrier. However, if the price fails to maintain above this level, it could retrace toward the support at $147.07. A break below $147.07 could trigger a deeper correction, bringing the price back to $140.08.

Overall, AAVE/USDT is showing a bullish trend in the short term, but traders should be cautious of potential resistance at higher levels. Monitoring the price action around $153.12 will be crucial in determining whether this rally can continue or if a pullback is on the horizon. Volume trends will also help confirm whether the bullish momentum is sustainable.

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