After a sharp dump into the 100–105 demand zone, AAVE formed a strong bounce and is now consolidating above key Fib levels. Price is holding above short EMAs, building a base under resistance. Entry Idea 💡: Buy dips around 112–113 (EMA 20/50 + minor structure support). Resistance Levels: 116–118 (range high + supply zone). Break above 118 could open move toward 121–125 (EMA 200 area). Support Levels: 110–112 (0.382–0.5 Fib zone), then 107–108 (0.618 support). Major demand sits near 100–105. Indicators: RSI steady near 55–60 → mild bullish momentum. Short EMAs flattening and turning up; price still below EMA 200 (macro trend not fully bullish yet). Action Plan:
Range trade: Buy near 112, target 116–118
Breakout trade: Long above 118, stop below 113
Rejection at 118 → expect pullback toward 110 zone.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Market View: $AAVE/USDT Sideways → Bullish 📈
After a sharp dump into the 100–105 demand zone, AAVE formed a strong bounce and is now consolidating above key Fib levels. Price is holding above short EMAs, building a base under resistance.
Entry Idea 💡: Buy dips around 112–113 (EMA 20/50 + minor structure support).
Resistance Levels:
116–118 (range high + supply zone). Break above 118 could open move toward 121–125 (EMA 200 area).
Support Levels:
110–112 (0.382–0.5 Fib zone), then 107–108 (0.618 support). Major demand sits near 100–105.
Indicators:
RSI steady near 55–60 → mild bullish momentum. Short EMAs flattening and turning up; price still below EMA 200 (macro trend not fully bullish yet).
Action Plan:
Range trade: Buy near 112, target 116–118
Breakout trade: Long above 118, stop below 113
Rejection at 118 → expect pullback toward 110 zone.