AAVE/USDT Keep an eye on the support area!! Potential Bounce

💎 AAVE has experienced significant developments in the market.

💎 Currently, AAVE is breaking down the support trendline, signaling the potential for a downward movement that could lead it back to retest the support area around 76.

💎 The current position of AAVE suggests that it may undergo a brief upward movement, reaching the 96-98 area for a retest before continuing its downward trajectory toward the support.

💎 However, if AAVE arrives at the support area and fails to show a strong response, possibly consolidating with weak volume, this is a concerning sign. It suggests the potential loss of support, which could confirm a bearish trend. The next target for the downward movement could be the demand area.

💎 At the demand area, a bounce and a reclaiming of price above the resistance area would be required to reverse the trend. If this scenario fails, AAVE may experience a temporary upward movement before continuing its descent. Breaking through the demand area would result in further downward movement.