1
VSby u/valentina_santos·1hAnalysis

Watching $AAVE at the 90.50 level

Been keeping an eye on $AAVE today, especially around that 90.50 area. It touched a low of 90.57 and bounced a bit, which is interesting to me. On the daily, it's looked a bit weak lately, but this level seems to be showing some initial signs of a potential short-term hold, at least for now. I'm seeing it as a minor demand zone from previous price action, nothing too dramatic, but worth noting.

The key for me will be whether it can maintain above that 90.50-90.00 band. If we start seeing sustained closes below 90, particularly if it dips down to say 89 and holds there, then my thought process on this level holding up would be invalidated. It's really just a minor inflection point I'm watching; if it breaks, the next support I'd be looking at is quite a bit lower. Just sharing my current thinking, always good to have a risk level in mind.

1 comments · 1 points

1 Comments

FEu/felipe2·34m

Yeah, I've noticed that 90.50 level for AAVE as well. It's definitely been showing some resistance there, but I'm curious if it can hold if the broader market takes another dip. What are your thoughts on its potential movement if BTC pulls back further?

1

More like this