$AAVE /USDT

CONSOLIDATING AFTER MINOR REJECTION FROM $245 ZONE

$AAVE is currently trading at $242.66, showing a slight upward bias but facing local resistance near the $245.80–$246.00 area. Price tapped a local low of $239.13 and bounced, but bullish momentum seems to be stalling on lower timeframes.

Market Outlook:

The 15m chart suggests repeated wicks near the upper resistance band, indicating possible profit-taking. However, the bounce from $239 shows support interest remains intact. If buyers reclaim $246 with strength, a bullish continuation is likely. On the flip side, a breakdown below $240 could invite more sellers into play.

Key Levels to Watch:

Resistance: $245.80 – $246.20

Support: $239.00 – $240.00

Mid-range Level: $242.00 (current consolidation zone)

Volume & Order Book Note:

Order book shows balanced pressure (Buy 49.42% vs. Sell 50.58%), suggesting indecision — traders are waiting for the next confirmation move.

📌 Pro Tip: Wait for either a clean breakout above $246 with volume OR a retest of the $239 zone for potential reversal entry.