AAVE Holds Near $179 As Market Monitors Pattern Consistent With $125 Support Zone

AAVE trades near $179.24 after a 3.7% daily decline, placing price just above its key $173.89 support zone.

The current chart structure matches a previous pattern that preceded a drop toward $125, drawing attention to that major support area.

Short-term indicators show weakness, with RSI at 30.14 and MACD values in negative territory, aligning with recent downward pressure.

AAVE traded lower as the market continued to examine a structure that closely resembles a previous downturn. The latest three-day chart placed the asset near $179.24, marking a 3.7% decline over the past day. The pattern also aligned with an earlier formation that preceded a deeper move, and many traders noted the strong similarity. This comparison added attention to the $125 area, which sits near a major support line visible on the long-term chart. The current setup also showed price holding just above $173.89, which formed the nearest support level. This context set the stage for the next steps, as the market now tracked each development with increased interest.

AAVE Trades in a Narrow Band with Prices Goes to the Major Support Zones.

AAVE oscillated between its resistance and support of $173.89 and $186.74 respectively and put the market in a tight range. This range also shaped the broader discussion, since previous cycles produced almost identical swings before a larger directional move. Notably, the recent decline brought the market toward the lower boundary of that structure

The charts also showed clean horizontal support, which strengthened the focus on the region around $125, where an earlier reaction formed. This view linked the current pattern to the larger trend and kept traders attentive to the next test of that level.

Momentum Indicators Show Limited Strength

The one-hour RSI printed 30.14, while the upper reading sat near 39.00. These figures indicated slower movements on the short-run basis. The MACD values however were lower than the baseline with -0.3012, -1.3167 and -1.0155

Source: TradingView

These figures still indicated a slight pressure, which was in line with the previous decrease. The indicators also offered context for the larger pattern, since the earlier setup displayed similar behavior before a major shift. This connection allowed traders to track momentum while they assessed the structural similarity.

Market Watches Possible Path Toward Lower Levels

This environment kept attention on the three-day chart, which highlighted the strong resemblance to the earlier decline. The pattern also continued to lean toward the $125 region, since that level marked the next major support. Traders now observed the interaction between price, momentum, and the broader structure, as these elements shaped expectations for the upcoming sessions.