- AEVO is facing a major resistance around $0.1025–$0.1030 .
- A close above this level could lead to a rally up to $0.14–$0.16.
- If rejected, AEVO could revisit support between $0.09 and $0.085.
AEVO is testing crucial resistance near $0.1030 after recent price drops. As at press time AEVO is trading at $0.09728 with a 24-hour volume of $41.5M, the token stands at a critical crossroads. A breakout could fuel a rally, while rejection might push it lower amid recent bearish pressure.
Fighting the Downtrend with Higher Lows
AEVO has been in a downtrend with prices making lower highs since April. This shows that sellers have had control of the market for several months. They have pushed the price down each time it tries to rise. The price repeatedly hit resistance near $0.1025 and pulled back.
Things changed in late August when AEVO started making higher lows and small steps upward showing that buyers were gaining strength. This trend has formed an ascending triangle pattern. This pattern often signals that a breakout might be coming if the price moves past the resistance.
Key Levels To Watch
If AEVO closes above $0.1030 it could clear the way for AEVO to push higher toward resistance zones between $0.14 and $0.16. And if the buying momentum stays, the price might even reach a long-term target around $0.20.
Conversely if AEVO fails to break this resistance, it could slide back down to test support levels between $0.09 and $0.085. These levels have held up before, so buyers might step in again there.
Signs of a Shift in Market Mood
The price action over the last few weeks shows a shift in sentiment. After dropping from about $0.105 to $0.083 through August, AEVO bounced back in early September and reached $0.10. The token has been consolidating between $0.095 and $0.105.
Higher lows are forming, a sign that buyers are accumulating and getting ready for the next move.Traders should keep an eye on the volume. A volume backed breakout will be a positive sign, while a weak breakout might not hold.
If AEVO breaks above the resistance near $0.1030 could signal a bullish run, while rejection may keep the downtrend intact.
