AAVE/USDT: Approaching 200 EMA

AAVE's price is going to face a struggle to maintain upward momentum as it tests key support levels. The 200 EMA is serving as a pivotal line, with potential for a breakdown. A decisive movement below this trend could signal a continuation of bearish sentiment, potentially targeting lower support zones. Conversely, if bulls regain control and we breach the highlighted green line, we could anticipate a rally towards the upper resistance. We should watch for either a confirmed breakdown below the 200 EMA or a strong push above current resistance levels to gauge the next move.

Comment:

Price is struggling to fully secure this zone as of now. We need to wait for full disclosure near this zone in order to consider any bullish move to upper zone here)