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AAVE Exclusive Price Action (Short-term): Breakout below the base consolidation level + expanding bearish MACD crossover, support at around $150, resistance at $170

AAVE Exclusive Price Action (Short-term): Breakout below the base consolidation level + expanding bearish MACD crossover, support at around $150, resistance at $170

2025-12-22 09:03

ChainThink report: On December 22, AI-powered analytics indicate that AAVE suffered a drop of approximately 10% due to massive sell-offs by large whales. The monthly chart has formed a large double top structure with a smaller double top inside, currently hovering near the neckline support level of the smaller double top. On the weekly timeframe, AAVE's closing pattern diverges from most other tokens, exhibiting a long bearish engulfing candlestick pattern, which remains concerning. On the daily chart, the price has broken below the previously well-protected base support level around $170, now turning this area into resistance.


Currently, the MACD histogram shows a widening bearish divergence, and most technical indicators are biased bearish. A valid reclamation above $170 would signal failure of the bearish momentum. Additionally, attention should be paid to whether $150 can hold as effective support—retention of this level could form a potential double bottom structure, serving as a reversal signal. Conversely, failure to hold $150 may lead to further downside movement. (AI analysis, not investment advice, validity period: 1–5 days)

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Disclaimer: Contains third-party opinions, does not constitute financial advice

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