Aave Price Analysis: AAVE retests $305 previous low, a swift reversal from there?

TL;DR Breakdown Aave price analysis is bullish for today.AAVE/USD retraced from $345 today.The support was found at $305 previous low. Aave price analysis is bullish today as the market has reached previous support at $305 and rejects further downside over the last hours. Therefore, we expect AAVE/USD to reverse later today and move back towards the $345 resistance. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a bearish momentum over the last 24 hours, with Bitcoin down by 3.26 percent. Ethereum is down by 5.86 percent, while Solana is among the worst performers, with a loss of more than 11 percent. Aave price movement in the last 24 hours: Aave retraces to $305 support. AAVE/USD traded in a range of $304.29 – $337.89, indicating strong volatility over the last 24 hours. Trading volume has increased by 3.26 percent and totals $314.12 billion, while the total market cap trades around $4.15 billion, ranking the coin in 37th place. AAVE/USD 4-hour chart: AAVE set to reverse later today? On the 4-hour chart, we can see Aave price rejecting further downside, indicating an upcoming reversal back to $345 resistance. AAVE/USD 4-hour chart. Source: TradingView Aave price action has seen strong volatility over the past weeks. After failing to set a further higher high at the beginning of September, a lower high was set around $420. From the $420 resistance, AAVE/USD spiked lower 25 percent un...