Technical analysis by Lamassu_Trade about Symbol AAVE: Buy recommendation (11/17/2024)

AAVE is showing strong momentum after breaking out of a key pivot zone and heading toward major resistance levels:Pivot Zone (Blue): AAVE has flipped the $120–$135 level into support, which is critical for maintaining its bullish trajectory.First Resistance (Red): The next target is $240, offering a potential 43% upside from the current price of $169.Major Resistance Zone: A breakout above $240 could pave the way to the $660–$750 range, indicating a possible long-term bullish reversal.Conclusion:AAVE is positioned for a potential move toward higher levels if it sustains above the pivot zone. Traders should monitor the price action around key resistance areas closely. This analysis is not financial advice. Investments are subject to market risks.