📊 AAVE/BTC Technical Outlook (Short-Term)
$AAVE is showing early signs of recovery after a sharp downtrend, but the structure is still not fully bullish yet.
🔍 What the chart shows:
Price bounced from local bottom (~0.00131) and forming higher lows
Short-term momentum is improving (MACD turning positive)
However, price is still trading below MA60 → overall trend remains bearish
Volume spike on recent green candles = buyers stepping in
📉 Broader context:
Despite short-term strength, the overall structure of AAVE has been in a descending channel, meaning rallies often face selling pressure unless a breakout occurs �
JrKripto
📌 Key Levels to Watch
Support Zones:
0.00138 → immediate support (recent consolidation)
0.00134 → strong support (previous demand zone)
Resistance Zones:
0.00142 → current rejection zone (MA resistance)
0.00148 → major breakout level
🚀 Possible Scenarios
🟢 Bullish Case:
Break & hold above 0.00142
Next move → 0.00148
Momentum continuation if volume increases
Supported by improving indicators (RSI & MA signals turning buy on lower TFs) �
Investing.com
🔴 Bearish Case:
Rejection at MA60
Drop back to 0.00138 / 0.00134
Continuation of larger downtrend
⚡ Trade Idea (Spot)
Entry: On breakout above 0.00142 (confirmed candle close)
Target: 0.00148 – 0.00150
Stop Loss: Below 0.00138
👉 Safer approach: Wait for breakout + retest
🧠 Market Insight
Fundamentally, AAVE still has strong long-term backing (institutional adoption & protocol upgrades), but short-term sentiment remains mixed to bearish overall �
CoinMarketCap +1
📝 Final Take
AAVE/BTC is in a relief bounce phase inside a bigger downtrend.
The next move depends on whether bulls can flip 0.00142 into support.
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