AAVEโs Next Big Move Is ComingโAre You Ready for the Reaction?Yello, Paradisers! After a powerful bullish rally, #AAVE is now cooling off, facing some heavy rejection. But donโt be fooledโthis isnโt the end of the story. The market often needs a breather before gearing up for another big move, and thatโs exactly what we see unfolding here. The question is: will the bulls step in at the right levels, or are we setting up for a deeper correction?
๐#AAVEUSDT is approaching a critical support range between $275 and $270, a level that has already proven itself twice by holding off sellers. This range is more than just a horizontal line on the chartโitโs backed by the 8-hour EMA-200, giving additional strength to the area. Bulls are expected to step in here, providing fresh demand to push the price higher.
๐However, if this moderate support doesnโt hold and sellers take control, things could get tricky. The next key level to watch is $240, with a stronger higher time-frame support between $230 and $225 waiting below. Testing this range would be a game-changer, likely turning the market sentiment bullish again.
๐On the flip side, AAVE continues to struggle with a descending resistance thatโs keeping bullish momentum in check. This trendline sits around $335โa major hurdle for bulls to break through to trigger a hyper-momentum phase. But before that, thereโs another critical level at $305. Clearing this area would already start to weaken sellers and shift the narrative in favor of the bulls.
๐If the descending resistance breaks, AAVE could quickly revisit its previous highs around $370 to $390. But caution is advised at those levelsโexpect profit-taking to kick in, as sellers will likely defend those highs aggressively.
Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant.
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