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$AAVE Technical Analysis: Key Levels to Watch
#AAVE has formed a bullish engulfing candlestick pattern at the crucial $290 support level. However, the altcoin is currently struggling to break past the $337 resistance zone.
🚀 If AAVE can close a daily candle above $360, there is a strong possibility it could soar by 25% to reach the $415 level in the near future. This would represent a significant upside move for the asset.
The recent price dip is being viewed as a healthy correction, with AAVE's Relative Strength Index (RSI) currently at 57 - close to the overbought region. This indicates the altcoin has sufficient room to gain further upward momentum.
#BTC Price Analysis# #Macro Insights# #CMC Quest: Earn Rewards#
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