💎 AAVE has recently shown significant market dynamics by successfully breaking out of a key resistance area. This breakout suggests a bullish momentum, with the probability for further upward movement and a move towards our target area.
💎 However, it's crucial to monitor how AAVE behaves during its retest of the previous resistance, which is now acting as support.
💎 A bounce from this support area would confirm the validity of the breakout. Conversely, if AAVE fails to hold above this support level and breaks down below it, the breakout may be considered false.
💎 In the event of a breakdown below the support area, the price could retreat towards the demand area around $8, or even lower. This would indicate a reversal of the bullish momentum and a resumption of downward movement.