🚀 AAVE/USDT Pullback or Reload? Bulls Hold Momentum Above $350! 📊🔥

$AAVE is showing strong continuation signs on the 1H chart, currently trading around $354.67 after peaking at $385.99. Despite a rejection near the resistance zone, the overall structure remains bullish, backed by stacked EMAs (20 > 50 > 200) and solid momentum indicators.

📈 Technical Breakdown

The uptrend is intact, with the price now pulling back to retest support around $349–$354, which aligns with EMA20 on the 1H. This is a healthy retracement after a vertical move. The MACD remains bullish (8.52 > 8.32), and the RSI at 59.6 shows momentum is strong but not overheated.

The Volume Oscillator is positive (0.660), indicating that the pullback is likely a breather — not a reversal. If the current level holds, the price could form a base for the next breakout.

🧠 Sentiment & Order Flow

Buyers are still dominant, though the order book buy-imbalance has dipped to -3.2%, suggesting early profit-taking. That said, there’s no massive sell wall, and the funding rate remains mildly bullish at 0.0101%, indicating stable sentiment across derivatives.

🕯️ Trade View & Strategy

AAVE printed bearish engulfing and harami patterns near the top, triggering this short-term retrace. However, the bigger trend remains upward. If price closes back above $360, it could resume its climb toward the $385–$390 resistance again.

The breakout play stays valid as long as price holds above $340, with confirmation coming from MACD + VO alignment. Targets remain at 1.272–1.618 Fib extensions, and invalidation lies below the swing low at EMA50.

📣 Final Word

AAVE is cooling off after a strong push but hasn’t lost its trend. If bulls defend the current level, this dip could offer a re-entry opportunity. Keep watching — a second leg toward $390+ is still on the table.

⚠️ Not financial advice. Always DYOR.

👉👉 Trade here $AAVE #CryptoRally