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

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

2025-12-22 09:03

ChainThink report: On December 22, AI-powered technical analysis indicates that AAVE experienced a sharp decline of approximately 10% following significant sell-offs by large whale entities. The monthly chart has formed a large double top structure encompassing a smaller double top, with AAVE currently near the neckline support level of the smaller double top. On the weekly timeframe, the closing pattern diverges from most other tokens, exhibiting a prolonged bearish engulfing candlestick pattern, which is not optimistic. On the daily chart, the price has broken below the previously well-protected base support level around $170, now turning this former support into resistance.


Currently, the MACD bears the divergence with expanding negative momentum, and most technical indicators remain bearish. A successful reclamation and sustained close above $170 would signal a failure of the bearish thesis. Additionally, attention should be paid to whether $150 can hold as meaningful support; if $150 is successfully defended, a potential double bottom structure may form, serving as a reversal signal. Conversely, failure to hold $150 could indicate further downward 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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