The post Aave drops below $200: Traders, watch out for THESE levels next appeared on BitcoinEthereumNews.com.

Journalist Posted: February 26, 2025   Aave has a bullish weekly structure, but more losses are expected in the coming days. A drop below the psychological $200 level could take prices to $141. Aave [AAVE] had outperformed popular DeFi tokens, gaining 465% from July to December before beginning to retrace. This retracement phase has pulled prices lower as the market-wide sentiment worsened. Bulls looking to accumulate more AAVE can keep an eye on the $141 and $177 levels and wait for a range formation. In the near term, increased volatility is expected. A price move to $216 as a liquidity hunt could materialize in the coming hours. Is Aave on the verge of losing the $200 support level Source: AAVE/USDT on TradingView Over the past two months, Aave has aggressively retraced the gains it made in Q4 2024. It has ceded the $284 and $235 support levels and is on the verge of falling below the $196 level as well. To the south, the $177 and $141 levels are the next significant support levels where the bulls might make a stand. The swing structure on the weekly chart is bullish, but the current retracement could fall as deep as $125-$141. The A/D indicator shows that the selling pressure has not undone the buying volume in recent months. The Awesome Oscillator noted the change in momentum around mid-January. Source: AAVE/USDT on TradingView The daily chart gave more actionable information for traders. The structure was firmly bearish, but the trading volume in recent days has been muted. As a result, the A/D indicator continued to float near the high from January. On the other hand, the Awesome Oscillator reflected clear bearish momentum. The $196, $171, and $155 levels were the support levels that a reversal might occur. Aave buyers can wait for…

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Filed under: News - @ February 26, 2025 2:22 am