AAVE/USD – Recovery After Drop and Potential Upward Move
After a sharp decline, AAVE/USD is showing signs of recovery, bouncing from the 250.00 support zone. If the price holds above 262.55, a further move upward is likely.
Technical Analysis:
• Key support: 250.00 – a level where buyers stepped in.
• First resistance: 275.00 – initial target upon breakout.
• Second resistance: 290.00 – next level to watch.
• Expected scenario: If the price confirms a breakout above 262.55, we could see a move toward 275.00, with further potential toward 290.00 if momentum continues.
Trade Plan:
• Entry: After a breakout above 262.55
• Target 1: 275.00
• Target 2: 290.00
• Stop-loss: Below 250.00
The market remains volatile, so it’s important to monitor BTC price action and overall sentiment in the crypto sector.
Technical Analysis:
• Key support: 250.00 – a level where buyers stepped in.
• First resistance: 275.00 – initial target upon breakout.
• Second resistance: 290.00 – next level to watch.
• Expected scenario: If the price confirms a breakout above 262.55, we could see a move toward 275.00, with further potential toward 290.00 if momentum continues.
Trade Plan:
• Entry: After a breakout above 262.55
• Target 1: 275.00
• Target 2: 290.00
• Stop-loss: Below 250.00
The market remains volatile, so it’s important to monitor BTC price action and overall sentiment in the crypto sector.
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