AAAVE/USDT is currently trading inside a well-defined accumulation range between 86 – 96, following a broader downtrend marked by a descending trendline from higher levels.
Price recently attempted a breakout toward 117 but faced strong rejection from the trendline resistance, confirming the higher timeframe bearish pressure still exists.
At present, price has returned to the range and is stabilizing near mid-zone, indicating ongoing accumulation.
Key Observations:
Clear range-bound structure (86 – 96)
Repeated rejection from descending trendline
Failed breakout attempt suggests supply above
RSI near lower levels, indicating potential for bounce
Trade Setup (Range-Based Approach):
Entry Zone: 88 – 92 (within demand zone)
Stop Loss: Below 85
Targets:
95.7 (range high)
105.3 (next resistance)
117.4 (trendline resistance)
Alternate Scenario:
A confirmed breakout above 96 could shift momentum toward 105 and 117.
Breakdown below 86 would invalidate the range and may lead to further downside.
Overall, price remains in consolidation, and the next directional move will likely come from a range breakout.
