$AAVE REJECTED AT $266 – RETESTING OR READY TO SLIDE?
$AAVE is currently trading at $264.32, pulling back after getting rejected near the $266 level. While the recent bounce was solid, bulls must hold key support zones to prevent a deeper pullback.
Key Levels to Watch
• Resistance Zones:
$266.00 – Immediate rejection point
$268.50 – Mid-range resistance from previous breakdown
$272.00 – Strong resistance zone toward 24h high
• Support Zones:
$263.50 – Near-term support
$261.80 – Breakout base level
$259.60 – 24h low and major demand zone
Trade Setup – Eyes on Retest Outcome
• Bullish Scenario: A move above $266.00 could trigger targets at:
TP1: $268.50
TP2: $272.00
• Bearish Scenario: A break below $263.50 could drag price to:
TP1: $261.80
TP2: $259.60
Stop-Loss Strategy:
• Longs: Below $263.20
• Shorts: Above $266.40