🔷️ $AAVE has returned to one of the strongest long-term demand zones after a prolonged correction from its cycle highs. The current weekly structure shows buyers attempting to defend the black support area that has historically produced strong reversals. 👀
Over the past year, every major recovery attempt has been rejected at the yellow resistance levels, keeping the broader trend under pressure. However, price is once again sitting inside a historically significant accumulation zone where risk and reward begin to shift in favor of patient buyers. 📈
From a technical perspective, the black support zone is the key level to watch. As long as this area continues to hold, the probability of a recovery toward the first yellow resistance remains intact. A successful reclaim of that resistance would be the first sign that momentum is starting to shift back in favor of bulls.
For now, the chart remains at a critical decision point. Losing the black support could trigger another wave of selling, while holding it may provide the foundation for a stronger upside recovery over the coming weeks.
📊 Key observations:
⚫ Price is testing a major long-term demand zone.
🟡 The yellow levels remain the primary resistance areas.
👀 A breakout above the first yellow resistance would strengthen bullish momentum.
⚠️ Losing the black support would likely increase downside pressure.
‼️ Not financial advice.
#AAVE #Bitcoin #Ethereum #Crypto #DeFi
