- AEVO breaks a key descending trendline, signaling a strong bullish reversal and renewed market interest.
- Trading volume surges on OKX and Binance futures, reinforcing the breakout’s strength.
- Successful retest of $0.11 support sets up AEVO for a potential move toward $0.53.
AEVO is making waves after breaking a major multi-month resistance, posting a sharp 19.32% gain in the last 24 hours. Currently trading at $0.1174, the token has seen its volume surge past $349 million. With weekly gains over 23%, bullish momentum is building toward a potential breakout rally.
AEVO Breaks Long-Term Resistance
AEVO has finally broken free from a prolonged downtrend that weighed on its price since early 2024. For months, the token struggled under a major descending trendline acting as stiff resistance.Recent price action shows a decisive breakout above this level.
A strong bullish engulfing candle, confirmed buyer strength and momentum. This breakout marks a potential trend reversal and sets AEVO on a new trajectory after years of decline.
Volume Surge Adds Fuel to the Rally
Volume data highlights the breakout’s credibility as futures trading on OKX and Binance exploded, with volumes rising more than 5,500% and 2,000% respectively. This points to heightened activity from large players and speculators betting on a sustained rally.
AEVO’s price surged from the $0.10 range, pushing above $0.12 and reaching near $0.13. Importantly, the previous resistance around $0.11 was retested successfully and is now acting as solid support. This retest strengthens the bullish case and suggests sellers have lost control at that level.
What’s Next for AEVO?
Technical analysis suggests a potential target near $0.53, indicating a remarkable 500%+ upside from current prices. This target is derived from measured moves based on the breakout and prior price structures.
A breakout backed by volume provides a strong foundation as traders are watching for continued higher highs and higher lows to confirm the new uptrend.
A dip back to the $0.11 support zone could offer a good buying opportunity and pause momentum momentarily.On the upside, psychological resistance around $0.15 may provide short-term hurdles before a further advance.
After a long and painful downtrend, AEVO’s breakout signals renewed investor interest and a shift in market sentiment. The combination of a clear technical breakout, strong volume, and a successful support retest make this one of the more promising setups in the altcoin space.
