📊 Technical Analysis - AAVE/USDT (Daily Timeframe):
Current Price:
Trading at $272.92, up +6.27% in the last 24 hours.
Exponential Moving Averages (EMAs):
✅ 7-period EMA (Yellow): $260.39
(Price above short-term EMA indicates short-term buying strength.)
✅ 25-period EMA (Pink): $259.06
(Price above the medium-term EMA, suggesting an emerging uptrend.)
✅ 99-period EMA (Purple): $233.48
(Price significantly above the long-term EMA, reinforcing a medium-term bullish trend.)
The positioning of the EMAs clearly indicates a bullish bias at the moment.
RSI (Relative Strength Index):
Current value: 65.05
RSI above 50 indicates dominant buying strength, but being close to 70, stay attentive to a potential entry into overbought territory soon. Still, there's room for further gains before any technical correction occurs.
Volume:
Recent volume spikes have been reasonable but slightly decreasing. This indicates caution since bullish movements on decreasing volumes may quickly lose momentum.
🎯 Key Levels to Watch:
Immediate Resistance: Around $276–$280.
A breakout with good volume opens a potential path towards the recent highs near $303–$325.
💸💸 DCA (Dollar-Cost Averaging) Strategy:
✅ 1st Buy (40%):
💸 Current Price (~$272.92)
Immediate entry to secure participation if the asset keeps rising.
✅ 2nd Buy (30%):
💸 Next intermediate support between $260–$250.
Ideal for capturing normal retracements within the ongoing trend.
✅ 3rd Buy (30%):
💸 A stronger strategic support around the 99-period EMA ($233–$240 approx.), if a deeper correction occurs.
🚨 Disclaimer:
Educational content only, NOT investment advice. Always DYOR (Do Your Own Research).
