$AAVE MAKE OR BREAK MOMENT AT $254.58
Current Market Snapshot
Price: $254.58 (-2.31% daily)
24H Range: $253.14 - $268.00
Volume: Strong at 626.85K with elevated activity
Key Technical Levels
SUPPORT ZONES
Primary Support: $254.35-254.38 (Critical hold zone)
Secondary Support: $253.14 (24H low - major demand level)
Deep Support: $251.00-252.00 (Psychological level)
RESISTANCE LEVELS
Immediate Resistance: $256.00-257.00 (Blue horizontal zones)
Key Resistance: $259.14 (Technical barrier from chart)
Major Resistance: $268.00 (24H high - breakout target)
Trading Scenarios
BULLISH CASE
Entry: Above $256.50 with volume confirmation
Target 1: $268.00 (+5.3%)
Target 2: $280.00-298.00 (Extended rally zone)
Stop Loss: Below $253.00
BEARISH CASE
Entry: Break below $253.00 with volume
Target 1: $245.00-247.00 (-3.5%)
Target 2: $235.00-240.00 (Major correction)
Stop Loss: Above $257.00
NEUTRAL-TO-BEARISH BIAS - AAVE is testing critical support at $254.35. The -2.31% decline with elevated volume suggests selling pressure. Recent forecasts indicate potential upside to $298.07 by June 30, but immediate technicals show vulnerability.