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$AAVE
AAVE/USDT – Weekly Chart (Short Analysis)
The chart shows AAVE in a long-term corrective structure after its 2021 peak (Wave A), followed by a deep multi-year decline into a base near the $50–60 region (Wave B/C). Price later staged a strong recovery but was rejected at a major weekly resistance zone around $360–400, forming a lower high.
Currently, AAVE is in a pullback phase, breaking down from the recent swing high and moving toward key demand areas.
Support-1: ~$120–140 (near-term reaction zone)
Support-2 / Retest level: ~$55–60 (major long-term base)
Overall bias remains bearish to neutral in the short-to-medium term while below resistance, with a potential bullish reversal only if price holds the lower support and reclaims the resistance zone with strong volume.