Is Aave price about to explode, or is the rally already over?
The post Is Aave price about to explode, or is the rally already over? appeared on BitcoinEthereumNews.com. Aave remains in a bullish structure despite a correction from the recent swing high. Price is now approaching a potential higher low region that could set the stage for the next leg up. After establishing a swing low at $114, Aave (Aave) rallied significantly, peaking near the $316 high time frame resistance. Although the price has since pulled back, the overall trend remains bullish. The current correction is viewed as a potential setup for a higher low formation, which could support the continuation of the broader uptrend. Key technical points Potential Higher Low Region: Confluence between value area low, HTF support at $159, and swing low. Current Resistance: Trading near point of control (POC), acting as short-term resistance. Volume Profile: Influx in volume around higher low zone is critical to confirm bullish continuation. AAVEUSDT (1D) Chart, Source: TradingView Aave’s market structure remains intact, and despite the recent correction, price action is still constructive. Corrections in bullish trends are common and often represent “bullish selling”, a healthy phase that helps re-establish balance between buyers and sellers, allowing the market to reset before continuation. Currently, Aave is trading near the point of control, which is acting as local resistance. A pullback from this area would not be unusual, especially following the overextension seen after the last rally. The $159 level, however, is the zone to watch. This area presents strong technical confluence: it aligns with the value area low, a high time frame support level, and a key swing low, forming a prime candidate for a higher low. If the price rotates back into this zone and attracts above-average volume, it would suggest that buyers are stepping in, not just to defend support, but to sustain the broader uptrend. Volume is critical here. Without strong participation, any bounce could lack the momentum…
The post Is Aave price about to explode, or is the rally already over? appeared on BitcoinEthereumNews.com.
Aave remains in a bullish structure despite a correction from the recent swing high. Price is now approaching a potential higher low region that could set the stage for the next leg up. After establishing a swing low at $114, Aave (Aave) rallied significantly, peaking near the $316 high time frame resistance. Although the price has since pulled back, the overall trend remains bullish. The current correction is viewed as a potential setup for a higher low formation, which could support the continuation of the broader uptrend. Key technical points Potential Higher Low Region: Confluence between value area low, HTF support at $159, and swing low. Current Resistance: Trading near point of control (POC), acting as short-term resistance. Volume Profile: Influx in volume around higher low zone is critical to confirm bullish continuation. AAVEUSDT (1D) Chart, Source: TradingView Aave’s market structure remains intact, and despite the recent correction, price action is still constructive. Corrections in bullish trends are common and often represent “bullish selling”, a healthy phase that helps re-establish balance between buyers and sellers, allowing the market to reset before continuation. Currently, Aave is trading near the point of control, which is acting as local resistance. A pullback from this area would not be unusual, especially following the overextension seen after the last rally. The $159 level, however, is the zone to watch. This area presents strong technical confluence: it aligns with the value area low, a high time frame support level, and a key swing low, forming a prime candidate for a higher low. If the price rotates back into this zone and attracts above-average volume, it would suggest that buyers are stepping in, not just to defend support, but to sustain the broader uptrend. Volume is critical here. Without strong participation, any bounce could lack the momentum…
What's Your Reaction?
