TL;DR
AAVE is holding above range lows with traders watching for a breakout toward $600.
Daily chart shows an M-pattern forming, with a possible short-term target near $230.
Balance of Power remains negative, but fading red bars suggest weakening selling pressure.
Price Action and Current Structure
Aave (AAVE) was trading around $290 at press time, with a slight gain of 1% over the last 24 hours. The asset has pulled back by nearly 10% over the past week. At present, AAVE is consolidating just below the mid-range zone between $320 and $340.
CryptoAmsterdam has shared a weekly chart showing that AAVE is holding above its earlier range low entries. It also outlines a recent higher high, and the current consolidation may be forming a higher low. A break above mid-range could push AAVE toward the $600 range high, where traders would then look for a possible breakout into new levels.
// $AAVE
> Consolidating below the mid-range
> Still one of my DeFi/Stablecoin narrative spot bets
We współpracy z: https://cryptopotato.com/will-aave-hit-600-or-fall-to-230-traders-split/
