AAVE: Potential Correction towards 69-70 and Bearish Order block

AAVE/USDT is currently facing a significant resistance area between 76 and 77. This zone has proven to be a strong barrier for the cryptocurrency, causing price consolidations and potential reversals.
However, our analysis suggests that a price correction is likely in the near term. We expect AAVE/USDT to correct towards the key support level at 69-70. This correction would provide traders with an opportunity to consider long positions at a more favorable entry point.

Furthermore, it is important to note the presence of a bearish order block at the resistance area of 76-77. A bearish order block indicates a significant concentration of sell orders and can act as a strong resistance level. Traders should closely monitor this order block as it may impede upward price movement and lead to increased selling pressure.

Conclusion :-
AAVE/USDT is facing resistance in the 76-77 zone, while a correction towards the support level at 69-70 is expected. Traders should be cautious of the bearish order block and monitor price movements accordingly.