AAVE is in a bit of an awkward position right now—the price is stuck around $165.2, having fallen below the 7-day, 25-day, and 99-day moving averages (at $166.3, $175.2, and $182.4, respectively). From a technical perspective, it clearly leans bearish.

Looking back at the recent trend: the price has fallen from the high point of $190.8 all the way down to $164.95, and now it wants to catch its breath and stabilize. Looking upward, the first hurdle is at $166–168 (near the 7-day moving average), and the real tough battle is in the $175–182 range—this area is a pressure zone where the 25-day and 99-day moving averages intertwine. If it can cleanly and decisively rise back above $175, there will be a chance to push towards $185–190.

What about going down? The previous low of $164.9 is considered short-term support. If it breaks further, we will see if $160 can hold. If it continues to fall, there is still quite a bit of space. The trading volume is also not looking great—there was a clear increase during the sell-off, and although it has eased a bit now, the selling pressure still dominates.

In simple terms, before the buyers reclaim the short and medium-term moving averages, this bearish market trend will continue.