AAVE/USDT It possible breakout and continue upward movement!💎 Paradisers, #AAVE is indeed a coin worth monitoring closely.
💎 Currently, AAVE is facing resistance around 98.15. Upon reviewing the chart, it appears to be in an accumulation phase, indicating potential bullish momentum if AAVE successfully breaks out of the resistance and the descending resistance simultaneously.
💎 Such a breakout could lead to significant upward movement, possibly testing our target strong resistance area.
💎 However, if AAVE fails to break the descending resistance and experiences a rejection with a bearish candle, this could signal a potential downturn. In this scenario, the price may retreat to retest the support around 79, initiating another significant downward momentum.
💎 Historically, the price has consistently bounced each time it hit the support of the accumulation phase. Therefore, if AAVE revisits this zone, there's potential for a reversal. However, if it fails to bounce and even breaks down below the support, it may head towards the key support area.
💎 In the event of an upward scenario, if AAVE revisits the key support, it's crucial to reclaim the support around 79. Failure to do so, resulting in a break below the key support, would confirm bullish invalidation and likely lead to further downward movement.
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