AAVE / TetherUS
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AAVE: Resistance Breakout

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AAVE (AAVE) technical analysis:

Trade setup: Following a bullish breakout from Channel Down pattern, price broke above 200-day moving average, which signaled a bullish trend reversal to an Uptrend. Price has also broken above $95 resistance, which is being retested now. Upside potential to $115.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).

Support and Resistance: Nearest Support Zone is $80 (previous resistance), then $65. The nearest Resistance Zone is $95, then $115.

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