AAVE is currently testing the $315 demand zone after a strong push earlier in the month. This area has acted as support before, making it a key level for buyers to defend.
If bulls hold above the demand zone, continuation toward $385 resistance is on the table, aligning with the recent range high. Failure to hold here, however, exposes liquidity levels below at $293 and $260, which could be swept before any recovery.
Indicators are mixed: Stoch RSI is extended into overbought territory while the MACD Liquidity Tracker is still signaling bearish momentum, suggesting the potential for further downside before a clean reversal.
Key levels:
– Demand Zone: $315
– Liquidity: $293, $260
– Resistance: $385
If bulls hold above the demand zone, continuation toward $385 resistance is on the table, aligning with the recent range high. Failure to hold here, however, exposes liquidity levels below at $293 and $260, which could be swept before any recovery.
Indicators are mixed: Stoch RSI is extended into overbought territory while the MACD Liquidity Tracker is still signaling bearish momentum, suggesting the potential for further downside before a clean reversal.
Key levels:
– Demand Zone: $315
– Liquidity: $293, $260
– Resistance: $385
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Disclaimer
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