AAVE Approaches Key Resistance as SuperTrend Buy Signal Suggests Potential for Significant Price Movement
Main Idea
AAVE's SuperTrend buy signal suggests potential for significant price rallies, with key resistance at $320 and support levels at $260 and $240.
Key Points
1. AAVE’s SuperTrend buy signal at $160–$170 resembles past rallies of 867% and 551%, indicating potential for significant price increases.
2. Clearing the $320 resistance could target $340–$360, while support is at $260 and $240.
3. RSI at 59.70 and bullish MACD crossover signal strengthening buyer momentum.
4. Volume has risen to 43.71K, slightly above recent averages, indicating renewed market interest.
5. Failure to clear $320 may lead to a pullback toward $280 or $260.
Description
AAVE’s recent SuperTrend buy signal suggests a potential for significant price rallies, similar to past surges of over 500%. Current resistance is at $320. AAVE’s SuperTrend buy signal at $160–$170
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