Aevo

Date: Sun, Nov 02, 2025 | 06:40 AM GMTThe cryptocurrency market is continuing its November momentum on the second day as both Bitcoin (BTC) and Ethereum (ETH) trade in green. Major <a href="https://coinsprobe.com/is-avalanche-avax-poised-for-a-breakout-this-key-pattern-formation-suggests-so/" rel="noopener noreferrer nofollow">altcoins</a> are following the positive sentiment — including Layer 2 token Aevo (AEVO), which is showing early signs of strength.AEVO is trading in the green with a modest jump, but more importantly, its chart is now displaying a key bullish pattern that hints at a potential breakout in the sessions ahead.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/303939436fa04833a07020ae002be250.png" />Source: Coinmarketcap<h2 id="header-0">Descending Broadening Wedge Pattern in Play</h2>On the 2-hour chart, AEVO has been moving within a descending broadening wedge — a bullish technical formation that typically appears during a downtrend and often signals an upcoming reversal once the price breaks upward.During its recent pullback, AEVO tested the lower wedge support near $0.0548, marking a temporary bottom where buyers stepped in to absorb the selling pressure. Since then, the token has shown a solid rebound, climbing back toward $0.0594, where it now trades close to the wedge’s upper resistance line.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c28ed7a54bbf4fefa98370da2b308144.png" />Aevo (AEVO) 2H Chart/Coinsprobe (Source: Tradingview)This price action indicates growing bullish momentum as AEVO continues to compress near the top boundary — a zone where volatility usually expands and breakouts tend to occur.<h2 id="header-1">What’s Next for AEVO?</h2>If bulls manage to push AEVO above the upper wedge trendline and reclaim the 100 MA around $0.0627, it could open doors for a strong upside breakout. In that scenario, the token’s next technical target sits around the $0.0747 region, representing roughly 25% upside from current levels.However, if AEVO fails to breach resistance and faces rejection, the token could stay trapped within the wedge a bit longer. In that case, $0.0572 will act as a crucial short-term support, where renewed buying interest might emerge.At present, the technical structure remains constructive — and if overall market momentum continues to lean bullish, AEVO could soon join the list of altcoins leading the next leg of the November crypto rally.Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.Read Also: <a href="https://coinsprobe.com/metis-metis-testing-key-resistance-will-this-pattern-trigger-an-upside-breakout/" rel="noopener noreferrer nofollow">Metis (METIS) Testing Key Resistance — Will This Pattern Trigger an Upside Breakout?</a>

Is Aevo (AEVO) Poised for a Breakout? This Key Pattern Formation Suggests So!

Table of Contents

CoinsProbe

Other articles published on Nov 2, 2025

XRP Price Prediction Signals to $3.00 While BullZilla Leads the Top Cryptos to Buy Under $1

Crypto Giants Watch These 5 Cryptos Closely: #1 Stands Strong as the 100x Crypto Presale Crown

PIVX Demonstrates Strong Momentum Amid Cryptocurrency Market Challenges

FTX’s Bold Claims: Are Their Refunds As Promised?

Analysts Discuss What’s Next for XRP as Mutuum Finance (MUTM) Emerges as the Best Crypto to Inves...

Chainlink Trades Near Key Support as Traders Await Market Confirmation

Join our free newsletter for daily crypto updates!