Bitprismia

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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$AAVE
$331.58
+2.47%