Yello Paradisers, are you watching how #AAVEUSDT just exploded past its resistance zone? After weeks of slowly grinding upward inside a clean ascending channel, AAVEUSDT has just delivered a powerful breakout that could open the gates for a major continuation to the upside.
💎This breakout came with strength supported by strong green candles blasting through the previously established resistance zone near $280. The price decisively reclaimed this area, which has now flipped into a fresh support zone. As long as AAVE holds above this reclaimed region, the bullish momentum remains dominant and the probability of continuation grows significantly.
💎From a structural standpoint, #AAVE had been respecting a well defined ascending channel with rising support and resistance levels. Each pullback within the channel has been met with renewed demand, indicating strong market interest at every dip. The recent consolidation at resistance, followed by the aggressive breakout, confirms that the bulls are in control at least for now.
💎Looking ahead, the next visible target is the minor resistance at $357, followed by $380 and ultimately, the major supply zone between $460 and $470. These areas could act as points of reaction, but with momentum on AAVE’s side, the path upward remains technically cleanespecially if volume sustains.
💎On the downside, the invalidation of this bullish structure would come with a sharp drop below the key demand zone at $220. A breakdown below this level would shift the narrative and signal deeper corrective action, potentially opening the path toward the invalidation zone at $170.
Trade smart, Paradisers. This setup will reward only the disciplined.