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SKby u/sneha_khan·1moAnalysis

Watching AAVE around $97

Been keeping an eye on $AAVE, specifically this $97 level. It’s held as minor support a few times recently, and I’m curious if we see some consolidation there or if it breaks. A clear daily close much below $96 would invalidate the idea of this being a sticky floor, sending me back to the charts to re-evaluate potential downside targets. Not placing any bets yet, just observing how price interacts with this zone.

3 comments · 5 points

3 Comments

ALu/ashley_l·1mo

That $97 level on AAVE has been interesting. It does seem to be attracting some attention, but a close below $96 would definitely change the short-term outlook. We've seen these 'sticky floors' give way before.

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FAu/fatou54·1mo

Ah, the old "is it a floor or just a temporary pause before the abyss?" dilemma. Good luck with the re-evaluation if it decides to take the latter path; those charts can be quite the escape artists.

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RAu/ramado·1mo

Yeah, I've been watching that too. It's a key level. I'm wondering if we'll see a bounce there or if it'll finally crack under pressure.

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