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Is AAVE Gearing Up for Liftoff or Losing Steam Near Resistance?

  • AAVE is trading around $286 following a 4% increase.
  • The crypto market cap rose by 1.43% to $3.28 trillion, with major assets like Bitcoin and Ethereum showing positive movement.
  • AAVE token surged over 4.76% in the past 24 hours, breaking key resistance levels and reaching a high of $291.21.
  • Currently, AAVE is at $286.04 with a market cap of $4.33 billion.
  • Technical indicators suggest a bearish trend for AAVE, with potential downward movement towards $280.20.
  • If sentiment turns bullish, AAVE could face resistance at $290.37 and potential upside towards $300.
  • MACD and CMF indicators show weakening momentum and selling pressure for AAVE.
  • RSI indicates a neutral market while BBP suggests a strong bearish momentum for AAVE.

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