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Just checked AAVE's 4H chart and it's setting up an interesting pattern here. Price is sitting around $94.60 after that recent dip, but what caught my eye is how it's respecting this ascending channel structure. Buyers keep stepping in on pullbacks rather than panic selling, which is a decent sign.
The 50 moving average is holding around $92 as short-term support right now. If it breaks below that, we might see a test toward $88-$89, but honestly that's still within the bigger bullish picture. What matters more is whether AAVE can reclaim the upper channel resistance around $98-$102. A clean break above that zone could open doors toward $110+.
The thing is, we're in consolidation mode after months of sideways action. Could go either way from here, but I'm watching how price reacts around the moving average support. Next week's bounce could tell us a lot about whether momentum actually returns or if we're just grinding sideways longer.