$AAVE tagged 96.60 early Sunday UTC, the lowest it has traded since August. Buyers showed up fast after that and it's back around 108 now, roughly 12% off the low.
Thing is, the 109 to 112 zone was the floor on Nov 12 and 13. It cracked on the 14th and now price is sitting right under it.
For me the next few hourly closes decide it. Back above 109.3 and holding, that sweep starts looking like a real bottom for now. Rejected here and losing 104, where dips got bought all day, and 97 comes back into play.
Big bounce honestly, but the old floor isn't taken back yet.
Thing is, the 109 to 112 zone was the floor on Nov 12 and 13. It cracked on the 14th and now price is sitting right under it.
For me the next few hourly closes decide it. Back above 109.3 and holding, that sweep starts looking like a real bottom for now. Rejected here and losing 104, where dips got bought all day, and 97 comes back into play.
Big bounce honestly, but the old floor isn't taken back yet.
