AAVE/USD โ Recovery After Drop and Potential Upward MoveAfter a sharp decline, AAVE/USD is showing signs of recovery, bouncing from the 250.00 support zone. If the price holds above 262.55, a further move upward is likely.
Technical Analysis:
โข Key support: 250.00 โ a level where buyers stepped in.
โข First resistance: 275.00 โ initial target upon breakout.
โข Second resistance: 290.00 โ next level to watch.
โข Expected scenario: If the price confirms a breakout above 262.55, we could see a move toward 275.00, with further potential toward 290.00 if momentum continues.
Trade Plan:
โข Entry: After a breakout above 262.55
โข Target 1: 275.00
โข Target 2: 290.00
โข Stop-loss: Below 250.00
The market remains volatile, so itโs important to monitor BTC price action and overall sentiment in the crypto sector.