Technical analysis by ferulianov about Symbol AAVE: Buy recommendation (1/13/2025)

AAVE/USDT in the chart above shows a bearish trend movement in the short term, with bearish candles and the presence of indicators pointing to weakness.However, AAVE has significant traction and good trading volume, with potential for quick reversals in the market.Once the market reverses the trend in the short term, there is a strong probability of reaching the projected target due to the combination of volatility and liquidity as AAVE responds well to strong upward movements, especially during times of capital re-entry into the altcoin market.Support: 268.68 / 264.88Resistance: 280.22 / 284.94RSI: Selling forces exhaustedMACD: Buyer