$AAVE remains in a clear short-term downtrend after the sharp selloff from the 180 area. Price is currently around 149, trading below MA(25) and far below MA(99), with only a minor bounce off the recent low — structure still favors sellers.

Market structure

Strong impulsive drop → weak consolidation.

Bounces are shallow and corrective, not impulsive.

Trend remains bearish unless proven otherwise.

Key levels

Support: 146–145 (recent low). Loss of this opens 140–138.

Resistance: 150–152 (local range + MA25), then 155–158.

Bias

Below 152: Bearish / sell-the-rally environment.

Above 158 with hold: Short-term trend relief, otherwise rallies are fade candidates.

Trade idea (example)

Short: 150–152

SL: Above 158

TP: 146 → 142

As long as AAVE stays capped below the moving-average cluster, upside looks limited and downside continuation remains the higher-probability path.