AAVE Technical Market Analysis – April 2025
AAVE is currently trading around $167, showing signs of recovery after a notable drop. The chart structure indicates a potential cup and handle formation with a double bottom, signaling bullish reversal possibilities if key support levels hold.
Key Levels:
Support Zone: $150
This is a critical level. AAVE must hold above it (no two daily closes below) to maintain bullish potential.
Resistance Targets:
Target 1: $189 (former support, now resistance)
Target 2: $200 (psychological level)
Target 3: $260 (major resistance from past structure)
Entry Strategy:
Ideal long entries between $150–$160 with confirmation from bullish candles.
Stop Loss:
Close position if AAVE closes below $150 on two consecutive daily candles.
Bearish Scenario:
If $150 fails, expect a sharp drop toward $100, marking a potential 50% decline from current levels.
Summary:
This is a risk-managed long opportunity as long as $150 holds. The upside potential toward $260 offers a favorable risk/reward ratio.