📉SHORT: $AAVE (1D)

#AAVEUSDT | #AAVE | #Aave

Current Price $265

Market Cap $4.06B

Analysis:

Aave showed a whopping growth of 185%, but recent bearish trends have dominated the chart, hinting at a possible reversal. The rising wedge in the chart suggests an upcoming bearish turn, which might be a great opportunity for a short position.

Price Targets: Keep an eye on the key Fib levels for potential support zones: 0.382 at around 230, and 0.618 at approximately 200. If the downtrend continues, watch for further support near 165.