$AAVE support zone
The price is approaching a key support zone and is testing the ascending trendline. This strong support line indicates a potential price reversal to the upside.
- Support Zone: Between $160 and $155, marked by the blue line and shaded area.
- Upside Target: If the price rebounds from this support and moves upwards, the mid-term target lies around $180, with the main target near $210.
- Stop Loss: If the $155 support is broken, further decline is likely, which could signal an exit from the long position.
The RSI indicator is also near the oversold region, which could suggest a return of buying power to the market.
- Support Zone: Between $160 and $155, marked by the blue line and shaded area.
- Upside Target: If the price rebounds from this support and moves upwards, the mid-term target lies around $180, with the main target near $210.
- Stop Loss: If the $155 support is broken, further decline is likely, which could signal an exit from the long position.
The RSI indicator is also near the oversold region, which could suggest a return of buying power to the market.
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