A quick look at recent price movements shows a clear structure of recovery and controlled volatility:
Established Low: The asset found solid support around $113.19, from where it surged amid strong buying pressure.
Recent Peak: The upward move encountered temporary resistance at $187.59, establishing the most important short-term resistance level to watch.
Healthy Correction and Recovery: After peaking at $187.59, AAVE underwent a controlled decline (testing lows near $164.57) and is now showing clear signs of rejecting lower prices, returning to the green with its current price at $173.18.
This dynamic points to an intact primary uptrend, with a pattern of higher lows favoring buyers (bulls), as long as the intermediate support holds firm.
AAVE is showing resilience and active buying strength, proving that the bulls still control the main uptrend structure. However, financial markets reward those who act with a plan, not emotion.
Assess your capital, define your risk tolerance, and decide whether your next step will be to ride the upward momentum, accumulate for the long term, or protect your portfolio.
The chart is laid out. The decision to turn analysis into profit is yours.
Disclaimer: This analysis is strictly for educational and informational purposes and does not constitute investment advice. The crypto asset market involves significant risks; always manage your capital when trading.
