Technical analysis by aminazarpey about Symbol AAVE on 21 hour ago

AAVE (AAVE/USDT) remains within a long-term ascending channel, showing consistent higher lows since mid-2022. After a strong rally toward the $400–$420 resistance zone, the price faced rejection and is now testing the mid-channel support area around $200–$220. This region has historically acted as a strong demand zone, aligning with the ascending green trendline. As long as AAVE holds above this level, the structure remains technically bullish in the bigger picture. A successful rebound from here could lead to a continuation move toward $400, and a confirmed breakout above that range could open the way toward $670 and even higher channel targets near $950–$1,000. Overall, AAVE looks technically healthy, and this correction might offer a solid reaccumulation opportunity for long-term investors.