The AAVE/USDT pair on Binance is currently trading at $271.27, reflecting a 2.63% decline as of 11:18 UTC today. Based on the daily chart, AAVE has experienced a notable downtrend after reaching a peak near $401.45 earlier this year. The purple trendline highlights a descending resistance, suggesting continued bearish pressure unless a breakout occurs.

Key support levels to watch include $211.81 and $185.00, where the price has historically found buying interest. The current price is testing the $271.27 level, which aligns with a psychological support zone. A drop below this could accelerate selling toward $211.81. On the upside, breaking above the trendline near $320.00 could signal a reversal, targeting $401.45.

The RSI (not shown) is likely in neutral territory, but increased volume (71.82K) indicates active trader interest. The MACD (yellow line) shows a potential bearish crossover, reinforcing short-term caution. However, the long-term uptrend from $54.81 remains intact, suggesting this could be a correction within a broader bullish cycle.

Strategy:

• Bullish Case: Buy on a confirmed break above $320.00 with a stop-loss below $271.27.

• Bearish Case: Sell or short if price falls below $271.27, targeting $211.81, with a stop-loss above $320.00.

Stay vigilant and consider market news impacting $AAVE . #CryptoAnalysis #DYOR #Write2Earn