AAVE shows short-term recovery momentum after reclaiming the $195–$200 range
AAVE recorded a strong daily advance of approximately 4.5%, pushing the price to around $199.77 after recent downside pressure. The move reflects renewed buying interest as the token stabilizes above a critical demand zone, signaling a potential short-term trend shift while broader market participants reassess risk.
On the daily timeframe, AAVE/USDT posted a bullish close, with price rebounding from the $160 $180 support region, an area that previously acted as a strong accumulation zone. This level has repeatedly attracted buyers, confirming it as a structural demand base. The latest rally follows a series of lower lows, suggesting that selling momentum is weakening.
The current price is now consolidating near $200, a psychologically important level that aligns with prior intraday resistance. A sustained hold above this zone could open the door for a move toward the $220–$240 supply range, where sellers were active earlier.
However, overhead resistance remains significant. The $260–$300 region represents a broader supply zone, and price would need consistent demand to challenge that area. Until then, the market remains in a recovery phase rather than a full trend reversal.
As long as AAVE holds above the $180 support, the short-term outlook remains constructive. A decisive break above $205–$210 would strengthen bullish continuation expectations, while a drop below support would invalidate the current rebound narrative.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.