AAVE price is traded above $ 166 after leaving a multi -declining downtown. The last procedure drew the attention of the merchants, but the question remains: Is this the beginning of a new march, or just another temporary stop before heading down?
Let’s disintegrate the scheme and see if it makes sense to throw $ 1,000 in AAVE now.
The AAVE price explodes from the declining direction, but the resistance waves on the horizon
Since early January 2025, the AAVE price has been stuck below the scattered direction line that rejected every large gathering. This trend was a ceiling, with multiple failed attempts during February and March.
This changed in early April. The AAVE price finally invented the trend line near the level between 140 to 150 dollars, which pushed up with conviction. After finishing, the price was unified and then moved to the top again, confirming a shift in feelings. It is now circulating about $ 166, or about 18 % over the hack area.
However, the main resistance is still between 190 and 200 dollars, an area that refused to make the price twice earlier in the year. So AAVE can close this level with a strong size, it is too early to confirm the reflection of the long -term direction.
Buyers defend the support area as a higher form than its lowest level
Under the surface, the structure improves. The AAVE price has increased over and over a range between 110 and 120 dollars, which has been a strong support base since mid -March. This region also matches the accumulation areas from the previous stages of monotheism, which gives it the technical force.
Since the final minimum near $ 110, the price movement has turned. The AAVE price is now the lowest levels and is paid over the previous resistance levels. This emerging bullish structure indicates that the distinctive symbol may enter a new upward cycle if it can penetrate the next wall.
The range of 150 to $ 160 is now a soft floor, while the step exceeding $ 200 will pave the path towards targets like $ 240 and $ 270.
So, should you invest $ 1,000 on AAVE?
AAVE price shows marks of difficult momentumBut it is not yet a full hacking position. The descending trend line has been broken, and its lowest levels indicate renewable strength. However, the resistance area, which ranges between $ 190 and $ 200, is on the way to the clear upward trend.
If AAVE is able to close this range with support, it may rise about $ 240 and beyond. But if the gatherings are less than $ 190 again, the decline will remain about $ 150 or even a $ 130 region on the table.
Currently, the AAVE purchase carries bullish capabilities, but nevertheless comes the risk of another re -test.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
