$AAVE Showing Distribution Signs — Another Drop Ahead?
AAVE remains in a clear HTF downtrend, printing lower highs and failing to reclaim key supply zones. The broader structure is still bearish, suggesting recent upside moves are corrective rather than a true reversal.
Price has been pushing into the 110–115 region, tapping liquidity above short-term highs, but each attempt lacks follow-through. This behavior signals buyers are being absorbed, not gaining control.From chart context, strong resistance sits around 115–125, aligning with the supply zone and descending trendline.
The structure is forming a bearish pennant, which typically signals continuation after consolidation. Volume remains steady without expansion, while RSI MA is flat to slightly down, confirming weak momentum.
I’m watching for rejection below 115–120 — bearish confirmation could trigger continuation toward lower liquidity zones.
Analysis by Leo524.
