Recently, AAVE's trend has been quite unstable. The price has been fluctuating between $148 and $189, and last week experienced a 16% drop. However, from the monthly chart, there are still some signs of upward movement.
On the technical side, the RSI has entered the oversold zone. What does this usually mean? A rebound opportunity is coming. Once the price stabilizes and regains momentum, two important resistance levels are waiting above — $213 and $254.
In fact, $213 is not far from the current level. Breaking through could mean about a 21% upside potential. If this level is also surpassed, the next target will be $254. Although there has been a recent pullback, all these signals point to the same thing: as long as market sentiment improves, AAVE could see a nice rally. The key is whether it can break above these critical levels.
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NFTArchaeologist
· 8h ago
Hey, it's another wave of volatility. The $148 to $189 swings are really annoying, and a 16% drop took a hit.
Wait, is the RSI oversold? Then this rebound might have some potential. Only if it breaks through $213 can we feel at ease.
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GasFeeTears
· 8h ago
Waiting for a rebound again? I'm exhausted from waiting; I feel like AAVE is just messing with me.
RSI oversold sounds good, but this thing can't be trusted. I've seen too many fake rebounds.
Can $213 really break? Honestly, I don't really believe it. It didn't even hold steady last time.
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InscriptionGriller
· 8h ago
Ha, it's that same story of oversold rebound. 213 to 254 sounds great, but who dares to bet on the current market sentiment? I'll just watch, and don't be the little guys getting chopped and still talking about technical analysis.
Recently, AAVE's trend has been quite unstable. The price has been fluctuating between $148 and $189, and last week experienced a 16% drop. However, from the monthly chart, there are still some signs of upward movement.
On the technical side, the RSI has entered the oversold zone. What does this usually mean? A rebound opportunity is coming. Once the price stabilizes and regains momentum, two important resistance levels are waiting above — $213 and $254.
In fact, $213 is not far from the current level. Breaking through could mean about a 21% upside potential. If this level is also surpassed, the next target will be $254. Although there has been a recent pullback, all these signals point to the same thing: as long as market sentiment improves, AAVE could see a nice rally. The key is whether it can break above these critical levels.