- Failed outbreak was received with increased sales that Aave wore under the $ 280-mark
- There may be the chance that the prize would fall to $ 240 in the coming week
Aave [AAVE]At the time of writing, it was possible to break out beyond the critical resistance of $ 280, in contrast to previous expectations. In fact, last week, Bitcoin [BTC] Price rejection for $ 110k saw a good part of his recent win.
The Altcoin seemed to have Bullish Momentum, but a step to the support levels of $ 260 and $ 240 can also be possible.
The Aave price promotion indicates long -term bullishness
Source: Aave/USDT on TradingView
The weekly graph emphasized the fast rally last November and the almost as fast decline in the first quarter of 2025. This downward trend brought the price of the Altcoin back to the $ 125 from before the rally. This meant that 100% of the profit had been wiped out-no good news for long-term investors.
That is why the weekly graph underlined the potential range between $ 125 and $ 380 $ 400 in the coming months. As the center of a potential range, the level of 50% at $ 262 has been an important resistance in the past month.
The Altcoin seemed to break out neatly earlier this week. The $ 253 rose on Monday to reach $ 325 on Wednesday, a rally of 28%, before it dropped to $ 275 before the ended week.
A weekly session close to $ 280 would be a positive sign for the coming week. The OBV has been higher since April – an encouraging factor for bulls.
Source: Aave/USDT on TradingView
The range (white) was clearer on the 1-day graph. From $ 240 to $ 280, it rang the mid-point support of $ 260 on Friday. The outbreak last Monday and Tuesday changed back to the reach in a retracement.
The trade volume has been high in recent days, when the price also dropped. This can be an indication of heavy sales volume and Bearish dominance, an indication that has confirmed the OBV. The volume indicator made new lows compared to the past three weeks.
However, despite the racement in the reach, all hope was not lost. The structure of Aave was still bearish. The 20 and 50 DMAs, however, meant bullish Momentum and should serve as dynamic support levels in a retest, especially the 50 DMA.
That is why investors can wait for a fall up to $ 240 to buy more Aave. In confluence of the extreme lower reach and the 50 DMA should reject the Bearish attempts to continue the downward trend.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer