$AAVE is trading at $252.28 - Stability after a strong rise
AAVE shares are currently trading at $252.28, after witnessing a notable rise, and are now stabilizing at a higher level. The price is hovering around a current resistance level, and its ability to rise will determine whether the upward momentum will continue or if a pullback is imminent.
Key levels:
Resistance: $252.28 (current price and recently highest price), $253.00 (next implied resistance level)
Support: $251.87 (current low and recently highest price), $250.00 (stronger psychological support)
Trading setups - Expect volatility!
Bullish entry: A confirmed breakout above $252.28 may target the following:
Target 1: $253.00
Target 2: $254.00 (implied, based on extension)
Bearish entry: A breakout below $251.87 may target the following:
Target 1: $250.00
Target 2: $248.00 (implied, previous lowest level of consolidation)
The AAVE/USDT pair is at a critical moment. A decisive breakout and sustained movement above $252.28 may indicate further upward momentum, while continued decline below $251.87 could lead to a deeper correction of recent gains.
