$AAVE At a Critical Juncture - Will Support Hold?
AAVE is currently trading at $89.94. The chart indicates that AAVE has experienced a recent decline and is now consolidating around a key support level. Its immediate movement will determine if it can find a floor and attempt a rebound or if bearish momentum will push it to lower levels.
Key Levels to Watch:
Resistance: $90.00 (immediate psychological resistance, just above current price) and $90.20 (stronger resistance from recent highs).
Support: $89.94 (current price, immediate support) and $89.80 (next strong support below).
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move and sustain above $90.00 could target:
Target 1: $90.20
Target 2: $90.35 (approx.)
Bearish Entry: A break below $89.94 could target:
Target 1: $89.80 (approx.)
Target 2: $89.60 (approx.)
AAVE is consolidating at a key support after a decline. A rebound is possible if support holds, but a breakdown below $89.94 could lead to further losses.