Aevo exhibit clear downtrend with a descending trendline acting as resistance. Price is currently reacting to a local resistance zone, where a breakout could lead to a test of the critical resistance at 0.6112, while rejection could send it towards the projected bearish target around 0.0580. Price action suggests consolidation within a tight range, indicating indecision. A break above the local resistance could trigger bullish momentum, while failure may extend the downtrend. The next major move depends on price reaction at the current resistance zone.
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Disclaimer
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