VIP SIGNAL UPDATE: $AAVE

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$AAVE is trading around the 91.46 area after a brutal rejection from the 117 highs that wiped out the entire rally in a matter of candles, bringing price all the way back down to the 90 area where it is now attempting to stabilize. The ascending trendline that has been rising since early April is just below current price and has not been broken yet, but the sheer size of this rejection leaves the structure looking very fragile at these levels.

As long as #AAVEUSDT holds above the trendline and the 87.30 area, there is still a slim case for the bulls, but any further weakness that breaks the trendline on a closing basis would fully negate the recent recovery and open the door toward the 84–85 area below. A reclaim of 94–95 with strong closes would be the first sign that buyers are stepping back in with conviction.

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