$AAVE Hits Critical Demand, Is a 12% Rally Possible?
$AAVE 4-Hour Chart Analysis: From Up to Down, But Support Holds Firm...
$AAVE rallied strongly from $225 to a high of $335.86 before entering a sustained downtrend. After failing to hold above $307.86, the price declined sharply, ultimately falling to a critical demand area near $255.
Currently trading at $257.63, AAVE is attempting a 12% rebound, targeting $285-290. The rally began near a clear support level that previously served as a springboard.
Key Points to Watch:
Support: $250-255
Resistance: $285 (short-term), $307.86 (primary)
Rebound Target: 12% if support holds
Conclusion:
AAVE is attempting to reverse its downtrend with a technical rebound from a strong demand zone. Holding above $255 could generate bullish momentum, but a break below $250 signals further decline. Watch for volume and breakout confirmation.
{spot}(AAVEUSDT)