The Mystical Path to $300 and Beyond

Remember the grand saga of $125 to $399 last November-December—something akin to a crypto soap opera! Fibonacci levels, those ancient numerological guides, mapped out the retracements and, lo and behold, by April, Aave decided to ascend once more, defying the gods of gravity.

The bullish breakout on May 8th, on the oh-so-trendy 1-day timeframe, marked a rebirth—Aave strutted higher, perhaps imbibing the elixir of liquidity and momentum, all while range formation served as a breather for this volatile diva.

Monday’s swift breakout, after a flirtation with $240 support, was aided by Bitcoin‘s own upward jig—rallying from $105.5k to $110.5k—like a party guest on too much champagne.

Onlookers, such as the OBV and RSI, nodded in approval: demand was steady, and momentum bullish—no bearish divas here!

The heatmap, that glorious color-coded crystal ball, revealed liquidation levels cuddling around $240 and a bit above $280—like a chaotic dance floor awaiting the next move.

The 3-day snapshot shows the move hitting a temporary snag around $290—probably just a hiccup in the parade—giving short sellers a brief respite before being swallowed up in the great crypto abyss. Liquidations at $295–$300 spiked like a fireworks display, and yes, they got blown out.

Right now, the glorious $320 and $305 zones beckon like sirens—traders might dodge or dive into the range, while a dip to $285, perched just atop the old high, promises the sweetest bargain—a golden ticket for the wise (or the reckless).