$AAVE Astronomical rise or sharp fall?
#AAVE As can be seen on the weekly chart, shows excellent performance. Everything points to a recent push, but why?
First, the USDT volume reflects the currency's growth and upward trend. Not to mention that it reached its current resistance, $303, but support is increasingly higher, this time positioned at $290, which is a very positive sign.
We also note that the price has remained stable, and its constant growth makes it clear that we are facing a dilemma: should I invest or not?
Short answer: yes.
I base this on the fact that the current resistance is weak and will be easily broken given the way the bulls are moving.
Furthermore, the market in general woke up today on a positive note, haha, and is bullish, so it's very likely that it will break through its current resistance.
So, if there's an astronomical rise and it reverses, the chart will most likely make some corrections, but don't panic, as the price is adjusting for new buyers.
NOTE: This is an analysis that provides information and possible increases or decreases. I always say prioritize your strategy first and then invest wisely, not out of FOMO.
CM.