Aave Crypto Faces Sharp correction near Crucial Support Level
the price of Aave crypto recently hit a snag around the $390 mark—a important resistance level that hasn’t been breached this year.This failure triggered a rapid drop.
Aave is now approaching a pivotal support point at $227. This level aligns well with both the 0.618 Fibonacci retracement and the downtrend’s high-low structural area, suggesting it’s vital for maintaining the bullish momentum.
- Key rejection: Aave couldn’t surpass its annual high-resistance point.
- $227 standoff: The price hovers near a combination of technical factors that may decide its direction.
- Volume clue: Solid buying pressure is needed to push prices higher again.
To visualize this, check out the APTUSDT (1D) Chart | Source: TradingView.
The reason $227 is so crucial is as if Aave loses this level, the entire bull run could falter. But holding here would reinforce the current pattern of higher highs and higher lows保荐持上行趋势。
if bulls manage to hold onto $227 with convincing volume, Aave might bounce back, aiming for another shot at $390. However,failing this test could lead to a more serious pullback. Remember, always do your own research and stay alert.
