$ 95 Decompte Rease 25% Hierscht Am AAVE Präis

De 12. Mee huet den AAVE/USDT Pair rebounded from the new lower low of $65.5 and reverted to the descending trendline. This pullback gives trade opportunities to short-sellers with a target of 25% down to $65.5. However, can they provide a legit breakdown from $65.5?

Schlëmmsten Punkten:

• The AAVE price plans another reversal from the falling trendline
• The AAVE buyers regain the first line of EMA defense-20 DMA
• Den intraday Handelsvolumen an AAVE / USD ass $ 387 Milliounen, wat e Gewënn vun 94% ugeet

Quelltext- Tradingview

Ënnert dem Afloss vun enger Ofsenkung Trendline sinn d' AAVE Präis has been gradually falling for nearly two months. During this phase, the altcoin turned down from the high of $250 and plunged to a low of $65.5 mark, registering a 74.4% loss.

Furthermore, the recent bullish pullback from $65.5 support surged the AAVE price 64% higher and retested the overhead resistance again. Moreover, the altcoin even breached an immediate resistance of $94.3, which may encourage buyers to breach the overhead resistance.

However, the AAVE struggles between the dynamic resistance and the new flipped support suggest an uncertain no trading zone.

A bullish breakout from the above resistance would drive the altcoin 160% higher to $250.

Alternatively, a breakdown from the $94.3 support would tumble the price 25% lower to the $65.5 mark.

Technesch Luucht

ADX indicator: A slight pullback in the daily-ADX slope indicates a loss of bearish momentum during the recent pullback to the resistance trendline. However, If the sellers successfully pull the coin price below $94.6 support, the ADX may rise back to accentuate the seller’s commitment. 

Bollinger band: Along with the descending trendline, the midline of the Bollinger band indicator provides a dynamic resistance. Moreover, a failed attempt to reclaim this resistance could bolster the bearish theory. 

• Resistenzniveauen: $ 115 an $ 137
• Ënnerstëtzungsniveauen: $ 96 a $ 80

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