$AAVE Testing the Rebound Zone After Heavy Sell-Off
AAVE is currently trading at $297.02, down -3.93% today, as it tries to recover from a steep decline. Price action is consolidating between immediate support and resistance, signaling a possible breakout or further drop.
Key Levels to Watch
• Resistance: $300.00 – A breakout above could target $305.00 and $310.00.
• Support: $293.66 – A breakdown below this level could lead toward $290.00 and $285.00.
Trade Setup – Stay Alert for Momentum Shift
• Bullish Entry: A confirmed move above $300.00 could accelerate toward $305.00 and $310.00.
• Bearish Entry: Losing $293.66 could trigger a deeper pullback toward $290.00 and $285.00.
Market Sentiment: Order book data shows 41.86% buying vs 58.14% selling pressure, indicating bears currently have the upper hand, but any surge in buy volume could flip momentum quickly.