$AAVE 1H Technical Breakdown

Price is still in a clear downtrend, holding below the trendline and key EMAs.

The $266–268 zone, once support, is now acting as resistance. Price was rejected here recently, confirming weakness.

Key Levels to Watch:

Target 1: $268 — needs to be reclaimed for any bullish momentum

Target 2: $292 — previous range high and strong resistance

Target 3: $315 — major supply zone if breakout holds

Trend remains bearish unless price breaks above the trendline. A close below $246 could trigger more downside.

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