Broken Trendline

AAVE has broken its downward trendline and completed a pullback, with the price at $145. A potential decline to $120 is possible, where key support could form.

10/11/20241 min read

AAVE breaks its downward trendline and completes a pullback at $145, with a potential decline to $12
AAVE breaks its downward trendline and completes a pullback at $145, with a potential decline to $12

AAVE has broken its downward trendline and has completed a pullback to the broken trendline. Currently, the price is at $145. In our view, there is a possibility that the price could decline further and reach at least $120, which could serve as a key support level.