AAVE is currently trading around $87.78.
Technical picture:
• The coin is in a bearish structure.
• There is a clear formation of Lower Highs.
• The last bounce stopped near a Weak High.
• Support is in the $80 – $82 zone.
• Resistance is in the $95 – $100 range.
No fluff: AAVE is one of the oldest and most reliable DeFi projects. The protocol is running stable, TVL is holding well, but the coin's price has been in a downtrend for a while.
Currently, AAVE is reacting more to the overall market than to its own news. If Bitcoin continues its correction, AAVE is highly likely to hit new local lows and drop to the $75–80 range.
Conclusion: Right now, AAVE doesn’t look appealing for longs. Better to sit on the sidelines. For a trend reversal, it needs to hold above $100.
What’s your take on AAVE right now? Holding your position or waiting for a better entry point?
Drop your thoughts in the comments 👇#AAVEUSDT.P
