AAVE in Tactical Balance Between $155 Support and $297 Resistance

Analysis of the Chart for: AAVE – AAVE/USDT 

Date of Analysis: June 3, 2025 

Chart Timeframe: Daily (1D) 
  

Strategic Scenario (6 to 12 months) 

AAVE remains within a broad ascending channel, indicating the long-term bullish structure is intact. The current phase appears to be a consolidation within the bullish range, following a large corrective leg from $450 highs. 

Strategic targets remain valid at $450 and $660, assuming continued adherence to the channel trajectory and the resumption of impulsive bullish momentum. The price’s recent bounce from near the channel base affirms medium-term structural support around the $130–$155 area. 

Tactical Scenario (1 to 3 months) 

AAVE has recently rebounded from Tactical Support at $155, and is now consolidating below the Tactical Resistance at $297. This places the asset in a neutral tactical position, caught between confirmation of bullish continuation or potential rejection and pullback. 

The RSI at 61 remains in a neutral-positive range but shows signs of local exhaustion, with previous rejections from this level. Price is supported by rising short- and medium-term EMAs, indicating some underlying bullish momentum, but not yet a breakout. 

Until either $297 is broken decisively to the upside, or $155 is breached to the downside, tactical direction remains undecided. 

Alternative Scenario 

Bullish Alternative: A confirmed breakout above $297 would initiate a new leg toward $450, supported by momentum continuation and wave (3) development. 

Bearish Alternative: A breakdown below $155 could open the way for a tactical correction toward $85.50 and $80, especially if momentum fades and RSI loses strength. 

Technical Key Elements 

RSI: Neutral at 61, with recent rejection signals near 70. Local bearish divergence may emerge if highs are not sustained. 

Moving Averages (25, 50, 85 EMA): Bullish alignment, currently acting as dynamic support. 

Fibonacci Levels: Major support around $155; key resistance at $297; potential extension to $450 if broken. 

Elliott Wave: Possible wave (2)/(b) low formed; current action could be early wave (3), pending confirmation. 

Trade Idea Conclusion 

🔄 Neutral Bias — Wait for Confirmation 

Bullish Setup:  Long above $297 (daily close confirmation), targeting $450 and $660. Stop-loss below $255. 
 

Bearish Setup: Short below $155 (daily close confirmation), targeting $85.50 and $80. Stop-loss above $175. 

Until a break of either tactical boundary, price action remains range-bound, and traders should monitor closely for breakout signals on volume and momentum confirmation. 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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