$AAVE is currently experiencing a healthy pullback after testing resistance near the $320 level. This consolidation phase is not indicative of a trend reversal but rather a natural market correction.
As long as AAVE maintains support above the $299–$280 range, the bullish market structure remains intact. A reclaim of the $320 resistance could pave the way for a potential rally toward the $340–$360 zone.
Technical indicators such as the RSI at 57.55 suggest room for further upside without entering overbought conditions. Additionally, the SuperTrend buy signal emerging in the $160–$170 range has historically been linked to significant price surges.
In summary, the current pullback is a natural part of the market cycle. As long as key support levels hold, AAVE remains poised for potential bullish continuation.