Aave (#AAVE) broke its 450days-trendline
In weekly time frame, we can see that downward trendline has been broken after 60 weeks and price has been settled above the trendline for few weeks.
In the daily time frame, price boringly moves up and down between 77 and 95 dollars.
Despite breaking of the trendline, weakness of movement is quite evident in last few weeks.
The previous price encounter with the $77 level was promising as a support level, but this time, for testing strength of this support, we have to wait until today candle close.
However, a break of the $77 level seems likely. If this range is broken, the next price supports can be the ranges of $65 and $53.
#OC7611699
@OctopusAnalysis
