AAVE has defended its ascending trendline and reacted strongly off the Fib retracement zone, with the 0.5 ($249) and 0.618 ($217) levels providing a solid base. Price is currently sitting just under the 50 EMA ($309) while holding above the 200 EMA ($297).
Upside potential:
Reclaiming $310 opens a move back toward $340–360.
Downside risks:
Losing $297 would break below the EMAs and expose $249, $217, and potentially $172 on deeper retracement.
Stoch RSI shows a bounce from oversold territory, signaling possible short-term relief.
📊 Key focus: Can AAVE hold the ascending trendline and flip the 50 EMA, or will sellers drag it back into the Fib retracement zone?
