The #AAVE token is currently at a critical crossroads after early signs of a breakout from the ascending channel.
If AAVE manages to quickly regain the channel, this move could turn into a false breakout, with a possible retest of the upper part of the channel around the $215 level.
However, if the price fails to recover and selling pressure continues, AAVE could decline toward the next major support zone around the $130 level.
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BasheerAlgundubi
· 12-17 12:08
📊 Warning of a potential collapse of the AAVE token
📊 Warning of a potential collapse of #AAVEUSDT
The #AAVE token is currently at a critical crossroads after early signs of a breakout from the ascending channel.
If AAVE manages to quickly regain the channel, this move could turn into a false breakout, with a possible retest of the upper part of the channel around the $215 level.
However, if the price fails to recover and selling pressure continues, AAVE could decline toward the next major support zone around the $130 level.
#Altcoins #Altcoin #Crypto
$AAVE