$AAVE /USDT Market Update (1H)
AAVE is trading at a level of 148.25, facing strong pressure in the short term after a decline of 2.99%. The price is holding just above the key intraday minimum of 147.69, signaling a critical decision-making zone.
Technical Analysis: The price is trading below MA(7) at 149.66 and MA(25) at 150.70, confirming short-term bearish control. The main MA(99) near 164.58 highlights the overall downward trend. Repeated rejections near 152–155 indicate that sellers are aggressively defending higher levels.
Volume Insight: Volume is decreasing, indicating weak buying interest and cautious participation in the market. A surge in volume will be needed for any significant reversal.
Key Levels: Support: 147.50 – 145.00
Resistance: 150.70 – 155.00
Outlook: Holding above 147 may trigger a short-term rebound to 151–155. A drop below 147 could accelerate selling pressure to lower support levels. The market remains volatile and sensitive to trends.
