$AAVE – Strength Above $160 | Bulls Still in Control? 👀
AAVE is showing clear relative strength after a strong intraday push, holding firmly above the $160 psychological level. Despite a small pullback from 161.08, buyers are still defending the structure well — a sign of healthy consolidation, not weakness 💪
This looks like pause before continuation, not distribution.
🔍 What the Chart Reveals
📍 Key Support: 160.0–160.2 (bulls protecting this zone)
🚀 Immediate Resistance: 161.0–162.0
📈 Trend: Higher lows intact → bullish structure
📊 Volume: Cooling down after expansion = consolidation phase
🔥 Possible Scenarios ✅ Break & hold above 161 → continuation toward 162+
⚠️ Lose 160 support → short-term pullback before next attempt
AAVE is a DeFi leader, and price action reflects confidence — no panic selling, no heavy rejection. Smart money usually builds positions like this 📌
💬 Are you expecting a continuation breakout or a healthy retest first?
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