$AAVE AAVE is showing one of its strongest technical recoveries in recent weeks, with buyers steadily pushing the price back toward an important resistance zone. On the daily chart, AAVE is trading around $102, gaining nearly 10% in the latest session and approaching the 200-day moving average near $104. This level has become the key barrier that could determine whether the current recovery develops into a broader bullish trend.
The market structure has improved significantly after the sharp decline that found support around $57.8. Since then, AAVE has formed a sequence of higher lows and higher highs, indicating that buyers are gradually taking control. The 30-day moving average is now above the 50-day moving average, while both are trending upward, reflecting strengthening momentum. Price also remains comfortably above the 100-day moving average, reinforcing the positive outlook.
The most important level to watch is the $103–105 resistance zone. A strong daily close above this area, supported by healthy trading volume, could trigger fresh buying interest and open the door for a move toward $110–115. Breaking the 200-day moving average often attracts longer-term investors, making it a critical technical milestone.
On the downside, initial support lies around $96, followed by $92, where previous buying activity emerged. Holding these levels would keep the bullish structure intact even if the market experiences short-term profit-taking.#AAVE
The market structure has improved significantly after the sharp decline that found support around $57.8. Since then, AAVE has formed a sequence of higher lows and higher highs, indicating that buyers are gradually taking control. The 30-day moving average is now above the 50-day moving average, while both are trending upward, reflecting strengthening momentum. Price also remains comfortably above the 100-day moving average, reinforcing the positive outlook.
The most important level to watch is the $103–105 resistance zone. A strong daily close above this area, supported by healthy trading volume, could trigger fresh buying interest and open the door for a move toward $110–115. Breaking the 200-day moving average often attracts longer-term investors, making it a critical technical milestone.
On the downside, initial support lies around $96, followed by $92, where previous buying activity emerged. Holding these levels would keep the bullish structure intact even if the market experiences short-term profit-taking.#AAVE