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Recently, AAVE's trend has been quite unstable. The price has been fluctuating between $148 and $189, and last week experienced a 16% drop. However, from the monthly chart, there are still some signs of upward movement.
On the technical side, the RSI has entered the oversold zone. What does this usually mean? A rebound opportunity is coming. Once the price stabilizes and regains momentum, two important resistance levels are waiting above — $213 and $254.
In fact, $213 is not far from the current level. Breaking through could mean about a 21% upside potential. If this level is also surpassed, the next target will be $254. Although there has been a recent pullback, all these signals point to the same thing: as long as market sentiment improves, AAVE could see a nice rally. The key is whether it can break above these critical levels.