AAVE’s current price is catching the attention of a lot of traders — many believe they can get at least a 2x return from here, and to some extent, they might be right.

On the weekly timeframe, the $240–$258 zone is the most crucial support. A break from this zone will likely lead to a significant move:

~ A break below could take the price down to $180–$200

~ A break above could push it up toward $400

Now, since this is the weekly chart, it will take time — but as of now, I believe either of these breaks could happen soon.

Let me simplify how to confirm the move:

• A weekly close above $274 could lead to $320

• A weekly close below $245 could lead to $216

So, while $400 and $180 are far-off targets, $320 and $216 are the near-term confirmation levels to watch.

On the monthly timeframe, $AAVE looked strong when it was holding around $326. If it had sustained that level, we could’ve seen a move toward $396–$440. But it didn’t — The fall is mostly linked to ongoing macro trends ( like #IsraelIranConflict and the #Fed ). Otherwise, the market was relatively bullish.

🔹 For long-term investors, I’d suggest patience. Watch how this week closes — if there’s no clear signal, wait for the monthly close, which will likely give a better indication of the trend.

🔹 For short-term traders, there are opportunities both ways.

On the daily timeframe, the $238–$255 support zone is currently being tested.

If #AAVE holds this level, great — you can look for longs.

If it breaks, watch for a drop to $222, and if that fails, we revisit the weekly targets.

Also note: A break below $230–$238 on the daily chart (with confirmation) could lead to $150.

So to sum it all up:

✅ Wait for the current weekly close — if it gives you a result, you can act accordingly.

❗ If not, wait for the monthly close before going long.

📉 In a bearish scenario next week, watch $230–$238 level. If it holds, it could become a solid buying opportunity, otherwise it could turn into a strong sell signal.

⭐ @SH314I