$AAVE ๐ง AAVE/USDT Technical Breakdown โ Daily Outlook
๐ Date: June 1, 2025
๐ฐ Price: $241.40 (-3.46%)
๐ Timeframe: 1D (Daily Candles)
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๐ Trend Overview
AAVE is currently in a short-term corrective phase after peaking at $282.84, with a clear pullback from recent highs. Price action is forming lower highs and lower lows, reflecting selling pressure post a parabolic move that began in early May.
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๐งฎ Key Technical Indicators
๐น MA (Moving Averages)
MA(7) โ $256.22 (resistance)
MA(25) โ $242.26 (immediate support)
MA(99) โ $188.67 (long-term bullish anchor)
The current price is sandwiched between the MA(25) and MA(99), indicating a potential range formation. A decisive move below $242 could test the $230 zone next.
๐น Volume Analysis
Volume is steadily declining, which often precedes a breakout or a larger move. The price drop on lower volume suggests the market is cooling off rather than panic selling.
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๐ Market Structure
Short-Term: Bearish (below MA(7) and MA(25))
Mid-Term: Still bullish unless $232 support breaks
Long-Term: Bullish structure intact as long as above MA(99)
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๐งฑ Support & Resistance Levels
Resistance Zone: $256 โ $260 (MA(7) & previous swing highs)
Support Zone: $232 โ $237.6 (wick lows + MA(25))
Major Support: $203.65 (breakdown level to watch)
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๐ฎ Outlook & Strategy
Bullish Bias:
If AAVE holds $232โ$237 and reclaims the MA(7), we could see a trend continuation toward $260โ$275.
Bearish Risk:
A breakdown below $232 opens downside to $203, which aligns with the next demand zone and previous consolidation.
๐ Risk-Reward Entry:
Wait for a bullish reversal candle near $232โ$237, with a tight stop below $230. Target $256+ for a 2:1 setup.
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๐ง Pro Insight:
This retracement looks healthy in the context of a strong uptrend. Smart money often enters on such dips. Watch the volume behavior and MA(25) reaction over the next 1โ2 sessions for clues.
