$AAVE
/USDT Daily Analysis
AAVE is currently trading around $130.80, showing a recovery bounce after finding support near the $92–$95 demand zone. The recent candles indicate short-term bullish momentum following an extended corrective move from the $200+ region.
Price has reclaimed the MA(7) and is pushing toward the MA(25) near $130.88, while the MA(99) around $164 remains the major trend resistance. The broader structure is still bearish unless AAVE breaks and sustains above higher moving averages.
Key Levels to Watch:
Support:
$120
$110
$95 (major support zone)
Resistance:
$135
$150
$164 (MA99 major resistance)
If AAVE manages a strong daily close above $135, momentum could extend toward $150. A break above $164 would signal a more meaningful trend reversal.
However, rejection around current levels could lead to consolidation or a pullback toward the $120 zone.
At this stage, the move appears to be a relief rally within a broader corrective trend. Confirmation above key resistance is required for sustained upside continuation.
Not Financial Advice