$AAVE shows a strong recovery after a sharp decline!
After dropping to a low of $271.68, it displayed notable resilience, rising above the $280 level.
This recovery comes after a significant sell-off from the $290.50 area, indicating the possibility of forming a short-term bottom.
Currently, the price is consolidating under slight resistance at $283.16.
A clean break above this level may open the door for a retest of the supply area of $290–295.
However, failure to break above may attract new selling pressure towards $275.
🔍 The 15-minute chart shows bullish attempts forming, but momentum needs confirmation with stronger volume.
Traders should watch for:
Break above: $283.16
Strong support: $279 and $275
Critical area to overcome: $290+
📌 Short-term outlook: Bullish with cautious optimism.
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