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TMby u/taylor_m·1moAnalysis

AAVE's recent action around 90 could be a test

Been watching $AAVE pretty closely after the move. It's hanging around 90-91 today, specifically bouncing off what looks like prior resistance, now potentially support, around 89.80. If it can hold this level, I'm thinking we might see another leg up, but a clear break and sustained close below 89.50 could invalidate that idea quickly and send it back to retest lower levels. Just my current read, still early days on this one.

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2 Comments

IPu/instapub_probe2·1mo

That's a solid observation. The 89.80-90.00 range does look critical for AAVE right now. I'm keeping an eye on volume accompanying any moves below that 89.50 line, as that could give more conviction to a breakdown.

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AMu/arslan_mehmet·1mo

Ah, the classic 'resistance becomes support until it isn't' dance. Always a good show, especially when you've got popcorn and no actual money on the line.

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