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AAVE has been showing some strong bullish signs lately, but it’s now running into a key resistance level that traders can’t ignore. 

After climbing steadily from below $290, AAVE price reached $315 and got rejected twice, each time dropping about 3%. 

A tweet from prominent analyst, CryptoChiefss pointed this out, and it noted that the original plan was for AAVE to retest $291.50 before making a move higher. 

That retest never happened. Instead, AAVE price pushed up directly to resistance, and now we’re at a crossroads. So, where does AAVE go from here? The chart suggests we’re in the middle of a classic breakout setup, but we’re still waiting for confirmation.

Looking back, AAVE spent several weeks stuck under $290. On July 9, it finally broke through that ceiling and started to climb. 

Normally, traders would expect a pullback to that breakout zone to confirm support, in this case, around $291.50. But buyers stepped in early, and AAVE price never quite made it back down.

That support level is still key. If AAVE ends up pulling back again, $291–$294 is the area to watch. 

It could offer a solid entry for anyone waiting on the sidelines. Right now, though, the focus is on whether AAVE price can finally flip $315 into support.

The area around $315–$317 is proving tough to crack. Both attempts to break through have been met with resistance, and the candles show long upper wicks, a sign that sellers are stepping in aggressively. 

Without a strong move above this zone, the uptrend could pause, or even reverse short-term. To get things moving again, AAVE needs a clean 4-hour close above $317, followed by a successful retest. That’s what would likely open the door to a move toward $330.

Analyst, CryptoChiefs shared a chart with two white arrows that map out possible next steps. The first showed a pullback and bounce that didn’t quite happen, and the second shows the current struggle to break resistance. 

If $315 holds as resistance again, we might see a dip in AAVE price toward the support zone near $294. But if bulls can finally flip $315 into support, the next big test will be $330. 

That level hasn’t been hit in weeks, and it could attract a wave of new buying, especially if momentum picks up. AAVE next few candles will likely set the tone. Traders are watching closely, waiting to see if this breakout attempt has more fuel left in the tank.

Read Also: This Chart Pattern Has Traders Watching AAVE Price Closely

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The post AAVE price Breakout Looks Strong – But Here’s Why Some Are Staying Cautious appeared first on CaptainAltcoin.

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