Exactly where AAVEUSDT is as we move into July’s first week?
Markets hate uncertainty, and that’s exactly where AAVEUSDT is as we move into July’s first week. If you’ve been staring at the charts wondering “Is this the bottom, or just another fakeout?”—you’re not alone. Let’s cut through the noise with a multi-timeframe breakdown, focusing on real signals, actionable ranges, and what traders should watch for in the coming days.
Where Are We Now?
Zooming out, AAVE’s recent price action looks like classic “correction phase” behavior. On the lower timeframes (1H, 2H, 4H), we’re seeing a steady grind lower followed by some sharp wicks—a sign of both panic and opportunistic buyers. But the real story is told when you stack the indicators side by side.
The Indicator Rundown
MACD:
On the 1H, 2H, and 4H, MACD is still underwater but the histogram is shrinking—classic early signs that sellers are running out of steam. On the 12H and 1D, MACD lines are flirting with a bullish cross but momentum is lackluster.
The weekly MACD remains positive, but the upward energy is fading, hinting that we’re not ready for a full reversal—yet.
RSI:
Short-term (1H–2H): Just bounced out of oversold territory. Historically, this leads to a short-lived relief rally, but if RSI can’t clear the mid-50s, expect more chop.
Mid to higher timeframes (4H–1D): RSI stuck around the 45–50 band. Not bearish, not bullish—just indecisive.
Weekly: Still above 50, suggesting long-term buyers aren’t capitulating.
DMI/ADX:
Across all frames, ADX is low, which translates to weak trend strength. DMI lines are criss-crossing—a visual of indecision and range-bound movement.
Stochastics:
1H–4H: Oversold bounce in progress, but not yet overextended.
12H–1D: Turning down from mid-highs, signaling possible more downside if bulls don’t show up quickly.
Key Levels to Watch
Immediate Support: $261–$263. This range has already absorbed several dips. A clean break here could send us to $255–$251 (next major floor).
Immediate Resistance: $266–$268. Cluster of moving averages here; price needs to reclaim this zone for any meaningful upside.
Major Ceiling: $272–$273. This is where rallies have failed repeatedly. Bulls need to close above $273 to shift the narrative.
What’s Next? The Roadmap
Next 2 Days (by July 4)
Expect choppy action with a slight bullish tilt. As long as $261 holds, we could see a test of $266–$268.
If $266–$268 rejects hard, anticipate another swing back to support.
Next 4 Days (by July 6)
If bulls push through $268, look for an extension toward $272–$273, but beware sellers camping out in that zone.
A break below $261 would open the door to $255 or even $251.
Final Take: Consolidation, Not Capitulation
AAVEUSDT is neither screaming “buy” nor “sell.” It’s coiling, waiting for a catalyst. Savvy traders will respect the range: play the bounces off $261–$263, fade the rallies near $272–$273. Wait for a decisive break before swinging big.
Stay nimble, keep your stops tight, and don’t get chopped up in the noise. This week is all about patience and preparation for the next big move.
📜 Disclaimer
The content in this publication is for informational and educational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor.
Any opinions, strategies, or analyses shared reflect my personal views and experiences. I may hold positions in the cryptocurrencies mentioned (e.g., BTC, ETH, SOL), which could influence my perspective.
Cryptocurrency markets are highly volatile and involve significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.
No guarantees are made regarding the accuracy, completeness, or profitability of any information provided. All opinions are subject to change as new information becomes available.
This content is intended for a general audience and may not comply with regulatory standards in your specific country or region. Invest responsibly.
