AAVE flashes ‘supertrend’ signal – KEY levels to watch next…
2025-07-19 17:05:55
Main Idea
AAVE shows bullish potential with technical indicators like a 'supertrend' buy signal and a cup and handle breakout, but faces resistance and sell-side pressure that could impact its upward momentum.
Key Points
1. AAVE flashed a weekly 'supertrend' buy signal, historically preceding significant rallies (870% and 400% in past cycles).
2. A textbook cup and handle pattern was confirmed, with a breakout above $308 and potential resistance at $339.
3. AAVE's exchange reserves dropped by 3.79%, suggesting reduced short-term selling intent.
4. Spot Taker CVD data shows persistent sell dominance, requiring buyers to overcome pressure for sustained breakout momentum.
5. Dense liquidation clusters between $330 and $345 could trigger a rapid price surge if cleared, potentially reaching $360 or higher.
Description
AAVE flashes a rare signal as technicals align, but resistance remains at $330–$345.
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