The latest market dynamics show that the AAVE price has broken through the 200-day MA, and this technical indicator strongly confirms the reversal of the long positions trend. Technical analysis indicates that the current price pullback to the $230-$250 range has created an attractive get on board point, which coincides with the 200-day MA, forming important support. If this support holds, the price has the potential to rise to the $350 level, while risk control suggests setting the stop loss at $220.
From the momentum indicators, the MACD histogram shows an upward trend, indicating that market momentum has turned bullish again. This technical formation can be interpreted as a normal pullback in an uptrend, providing investors with a possible "get on board" opportunity. In the current market situation, traders should focus on whether the price can stabilize at the recent support levels and resume its upward trend. These support levels are often historical price rebound points or former resistance levels that have transformed, reflecting the principle of market polarity conversion.
Multi-period trend analysis shows: the short-term trend is neutral, while the medium to long-term trends are all showing a strong upward trend. The RSI-14 indicator is currently in the neutral zone between 30 and 70, indicating that the asset price is neither in an oversold nor an overbought state.
In terms of key price levels, the main support areas for AAVE are located at $230 and $200, while the resistance levels above are at $275 and $350. Market participants should closely monitor the price reactions at these key levels to assess the market direction.
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The latest market dynamics show that the AAVE price has broken through the 200-day MA, and this technical indicator strongly confirms the reversal of the long positions trend. Technical analysis indicates that the current price pullback to the $230-$250 range has created an attractive get on board point, which coincides with the 200-day MA, forming important support. If this support holds, the price has the potential to rise to the $350 level, while risk control suggests setting the stop loss at $220.
From the momentum indicators, the MACD histogram shows an upward trend, indicating that market momentum has turned bullish again. This technical formation can be interpreted as a normal pullback in an uptrend, providing investors with a possible "get on board" opportunity. In the current market situation, traders should focus on whether the price can stabilize at the recent support levels and resume its upward trend. These support levels are often historical price rebound points or former resistance levels that have transformed, reflecting the principle of market polarity conversion.
Multi-period trend analysis shows: the short-term trend is neutral, while the medium to long-term trends are all showing a strong upward trend. The RSI-14 indicator is currently in the neutral zone between 30 and 70, indicating that the asset price is neither in an oversold nor an overbought state.
In terms of key price levels, the main support areas for AAVE are located at $230 and $200, while the resistance levels above are at $275 and $350. Market participants should closely monitor the price reactions at these key levels to assess the market direction.