📊 Market Overview
Aave (AAVE) is currently trading at $220.74 USD, with a daily high of $226.54 USD and a low of $215.77 USD.
In the past week, AAVE has increased by about 9.14%, showing a significant recovery after hitting a low in early May.
📈 Technical Analysis
• Nearest resistance: $226.54 – $230.00
• Strong support: $215.77 – $210.00
• RSI (14): Currently neutral, indicating the market is neither overbought nor oversold.
• MACD: The MACD line crosses above the signal line, indicating a buy signal.
• ADX: Increasing, indicating that the current trend is strengthening.
The daily chart shows AAVE in an upward trend, with a 'Falling Wedge' pattern signaling the potential for continued price increases.
📰 Featured News
• Total Value Locked (TVL) reaches $25 billion: Aave reached the $25 billion TVL milestone in May 2025, reflecting strong trust and participation from the DeFi community. 
• Price prediction: Some analysts predict AAVE could reach $206.11 by May 13, 2025, if the upward trend continues.
📊 Trading Strategy
Scenario 1 – Open Long Position
• Reason for entry: Price breaks above resistance level of $226.54 with increased trading volume, confirming the upward trend.
• Entry area: $220.00 – $225.00
• Stop Loss (SL): $215.00 (Below nearest support)
• Take Profit (TP): $230.00 – $235.00
• Probability of success: 65% (Based on technical signals and strong cash inflow)
Scenario 2 – Open Short Position
• Reason for entry: Price failed to maintain above $226.54 and shows signs of a downward reversal.
• Entry area: $226.00 – $230.00
• Stop Loss (SL): $235.00 (Above nearest resistance)
• Take Profit (TP): $220.00 – $215.00
• Probability of success: 55% (Based on the likelihood of a correction after a strong increase)
Note: The market is in an exuberant state; need to manage risk tightly and closely monitor technical signals.
🔗 Trade AAVE
Trade now on Binance: Trade A