AAVE Reaches $375 with Potential for Further Upside Toward $580

Market & Ticker: AAVE - AAVE/USDT 

Date: 21/01/2025 

Horizon / Timing: Tactical Mid-Term (1 to 3 months) 

Strategic Scenario Overview 

In our previous update (December 2024), we anticipated AAVE breaking out of its range to target $350, which it achieved in December 2024. Since then, AAVE has displayed strong bullish momentum, climbing to $375. On a long-term horizon, the token retains upside potential toward the $580 strategic target as the market conditions remain supportive. 

Tactical Scenario Overview 

On a mid- to short-term basis, AAVE is undergoing a classic consolidation within a range between $240 and $375. This range reflects a healthy pause after recent bullish moves. 

➡️ Accumulation Zone: The $240 tactical support serves as a key level for accumulation, with the expectation of a break above $375, which would confirm the continuation toward $580. 

Key Tactical Updates 

Tactical Support: Adjusted to $240, reflecting the anticipated consolidation zone. 

Upside Resistance: A break above $375 is required for confirmation of further upside, targeting $580. 

Alternative Tactical Targets: In a downside scenario, potential corrections could extend to $180 or $145, representing significant buying opportunities. 

Technical Key Elements 

RSI Indicator: Remaining positive above the 50% level, suggesting ongoing bullish momentum. 

Moving Averages: Providing critical support at $240, reinforcing its role as a key tactical level. 

Fibonacci Levels: 

Support: $240. 

Resistance: $375. 

Elliott Wave Analysis: The wave structure indicates continuation toward $580 following the resolution of the current consolidation phase. 

Trade Idea 

Conclusion: Buy 

Strategic Target: $580 

Tactical Confirmation: Break above $375 

Tactical Key Support: $240 

This analysis offers a clear and actionable framework, emphasizing key levels and scenarios for AAVE as it consolidates before potentially resuming its upward trend. Let me know if further refinements are needed! 

Chart: Daily Basis (Candle Stick) - Logarithmic  

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

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