AAVE/USD β Recovery After Drop and Potential Upward MoveAfter a sharp decline, AAVE/USD is showing signs of recovery, bouncing from the 250.00 support zone. If the price holds above 262.55, a further move upward is likely.
Technical Analysis:
β’ Key support: 250.00 β a level where buyers stepped in.
β’ First resistance: 275.00 β initial target upon breakout.
β’ Second resistance: 290.00 β next level to watch.
β’ Expected scenario: If the price confirms a breakout above 262.55, we could see a move toward 275.00, with further potential toward 290.00 if momentum continues.
Trade Plan:
β’ Entry: After a breakout above 262.55
β’ Target 1: 275.00
β’ Target 2: 290.00
β’ Stop-loss: Below 250.00
The market remains volatile, so itβs important to monitor BTC price action and overall sentiment in the crypto sector.