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- Aave has a bullish weekly structure, but more losses are expected in the coming days.
- A decrease in the psychological level of $ 200 could cost prices up to $ 141.
Aave [AAVE] Had it achieved better than popular Defi -Tokens and won 465% from July to December before he started repeating. This retracement phase has pulled the prices lower as the market -wide sentiment deteriorated.
Bulls who want to collect more Aave can keep an eye on the levels of $ 141 and $ 177 and wait for a range of reach.
Increased volatility is expected in the short term. A price movement to $ 216 as a liquidity hunt could be released in the coming hours.
Is at the point to lose the support level of $ 200
Source: Aave/USDT on TradingView
In the past two months, Aave has withdrawn the profit it achieved in Q4 2024 aggressively. It has given up the support levels of $ 284 and $ 235 and is about to fall below the $ 196 level.
In the south, the levels of $ 177 and $ 141 are the next important support levels where the bulls can make a position. The swing structure on the weekly graph is Bullish, but the current retracement can fall up to $ 125- $ 141.
The A/D indicator shows that the sales pressure has not undone the purchase volume in recent months. The great oscillator noticed the change in Momentum around mid -January.
Source: Aave/USDT on TradingView
The daily graph gave more useful information for traders. The structure was strong bearish, but the trade volume in recent days has been filled in.
As a result, the A/D indicator continued to float near the High from January.
On the other hand, the great Oscillator reflected a clear bearish Momentum. The $ 196, $ 171 and $ 155 levels were the support levels that could occur.
Aave buyers can wait for a range of access before they want to offer, because it would be a sign of consolidation after the withdrawal.
The levels of $ 192 and $ 216 are interesting in the short term. They saw a cluster of liquidation levels build up for the past 24 hours.
The 2-day and 3-day Aave Liquidation Heatmaps also emphasize this level as the nearest liquidity cluster in the north, with the following considerable $ 270.
The volatility increases, at the time of the press, and prices are generally attracted by liquidity. That is why traders have to be careful for an AAVE price from 12% to $ 216 to wipe the liquidity before the downward movement is resumed.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer