For AAVE/USDT analysis on a 30-minute timeframe, here is a brief technical analysis:

Key Highlights

Current Price: 262.42 USDT

Rise Percentage: +19.99% — Strong and rapid increase.

Bollinger Bands Indicator:

Currently, the price is close to the upper limit at 269.41 → Indicates a potential overbought condition.

Short-term Moving Averages:

MA(5) = 6848.49

MA(10) = 7716.13

The price is moving above both averages → Support for the upward trend.

Quick Technical Reading:

The price has entered an overbought zone (due to its proximity to the upper Bollinger limit + sharp rise of about 20%), indicating a potential correction soon.

Trading volumes are high, which reinforces the upward momentum, but if they start to decline while the price remains stable, it could be a sign of weakness.

Important Areas:

Immediate Resistance: 265 – 270 (upper Bollinger limit)

Initial Support: 255 – 250

Stronger Support: 240 – 235 (in case of a wider correction)

Conclusion:

If you are in the trade: Watch the price behavior at 265 – 270, and if reversal candles or weakness in momentum appear, consider taking partial profits.

If you are out of the trade: It is better to wait for a correction towards 250 – 240 for a safe entry.