$AAVE rebounds from the bottom strongly 🔥 Has the upward trend started? Here’s the full analysis and entry strategy
The AAVE token has seen a strong increase of +13% within 24 hours, which catches the attention of traders and market followers. Here’s a detailed technical analysis with a calculated trading plan to help you make decisions with confidence!
Technical Analysis:
Current Price: 261.43 USDT
Highest Price in 24 Hours: 264.96
Lowest Price: 221.68
Volume: 89.33 million USDT
Technical Indicators:
RSI (6): at 64.44 → near the overbought area, but still has the potential to push upwards.
MACD: recently crossed upward + shift in positive momentum.
Bollinger Bands: price rebounded from the lower band (213 USDT) and is currently moving towards the midline (257.35), indicating a potential upward breakout soon.
Strong green candles show a recovery of confidence after touching the bottom at 213 USDT.
Proposed Trading Strategy:
Entry Point: between 258 – 262 USDT
Targets:
TP1: 274 USDT
TP2: 285 USDT
TP3 (extension): 300 USDT if resistance is broken firmly
Stop Loss (SL): below the strong support at 245 USDT
In your opinion, can AAVE break the 285 USDT barrier and head towards 300? Or is the rebound just a correction? Share your analysis in the comments.