$AAVE Testing Key Support — Will Buyers Defend $225 or Bears Drive a Deeper Pullback?
Current Price: $226.72 (+2.90%)
24H Range: $220.37 – $235.18
Market Overview
AAVE is consolidating near the $225–$230 range after facing rejection from $235 resistance. Despite a mild intraday gain, momentum has weakened, and price is hovering close to a crucial support area. Trading volume remains moderate, suggesting traders are waiting for confirmation of the next directional move.
Key Levels to Watch
Resistance:
• $230 – Immediate resistance; a breakout here could restore short-term bullish momentum.
• $235 – Major barrier; clearing this could open a path toward $242 and $250.
Support:
• $225 – Key short-term support; losing this may invite selling pressure.
• $220 – Secondary support; breakdown below this could extend losses toward $215.
Trade Setup – Patience Before the Next Move
Bullish Scenario:
A confirmed breakout above $230 with volume could spark renewed buying.
Targets:
• TP1: $235
• TP2: $242
Stop Loss: Below $225
Bearish Scenario:
A break below $225 may indicate further downside pressure.
Targets:
• TP1: $220
• TP2: $215
Stop Loss: Above $230
Final Note
AAVE is currently at a critical decision zone between $225 and $230. Bulls need to reclaim $230 to reestablish strength, while bears will aim to push below $225 to regain control. Watch volume closely a decisive breakout or breakdown will define the next short-term direction.
