AAVE is currently hovering around $180.7, and to be honest, the position is a bit awkward. The price is stuck below several moving averages - the 7-day moving average at 180.1, the 25-day moving average at 182.9, and the 99-day moving average even pressing down at 184.5. Overall atmosphere? Neutral to weak.

There was a brief spike to 190.8 before, but it couldn't hold, and quickly retraced back to the 170s. Recently, it has just managed to catch its breath and climbed back to this position.

Looking up, the range from 182 to 185 is a hurdle (just at those two medium to long-term moving averages). To really strengthen, it must cleanly break through 190. Only then will there be hope for higher levels.

What about below? 176 is the recent low point, serving as a short-term support. If it drops further, 169 to 168 may be the next buying zone.

In terms of trading volume, there was a significant increase during the decline, indicating a panic sell-off. The volume has now decreased, and some bottom-fishing funds have entered at low levels, but the strength is average.

Short-term judgment: Before stabilizing above the medium and long-term moving averages, a slightly bearish neutral attitude is more reasonable. Buyers need to show some real capabilities.