AAVE’s price is breaking out, catching the eye of many traders. Prominent analyst Crypto_Jobs highlighted key technical and fundamental factors influencing AAVE’s price action on X (formerly Twitter). The analysis points to strong support and resistance levels that could shape AAVE’s short- and medium-term trajectory.
What you'll learn 👉
AAVE Chart Analysis: Support Levels Holding Strong
The $330–$335 support zone has been pivotal for the price of AAVE, providing a reliable foundation for recent upward movements. This zone has held multiple times, demonstrating its significance as a price floor. Below this level, additional support exists at $310 and $280, as identified through historical reaction points.
The AAVE chart also shows a steady ascending trendline, indicating that it has been moving upward in the medium term. This trendline, combined with the support zones, reinforces a strong bullish case for the token.
AAVE Resistance Levels and Breakout Confirmation
Resistance for AAVE’s price is seen near $360–$365, a zone where price consolidation and prior rejections have occurred. The next significant target for the token lies at $380, which aligns with projections from technical analysis.
A breakout above a triangular pattern on the 4-hour timeframe suggests the potential for further upside. A bullish candle close above $340 confirms this breakout, with the chart projecting a short-term movement toward $380.
Medium-Term Targets For AAVE Price
In the medium term, the analysis identifies the $480–$500 range as a potential target for AAVE’s price. This projection is based on historical price highs and Fibonacci extension levels. If bullish momentum continues, the token may aim for these levels in the coming weeks.
Finally, Crypto_Jobs also emphasized the importance of combining technical and fundamental analysis. He celebrated the $330–$335 zone holding strong and pointed to a medium-term outlook of $480–$500, calling it the “road to $380” with further bullish potential.
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