AAVEUSDT SPOT
Long

AAVE/USDT – Major Downtrend, Breakout or Another Rejection?

68
On the daily timeframe, AAVE/USDT is still moving within a bearish market structure, with consistent selling pressure since the price peaked near the 385 USDT area. Price is currently trading below a descending trendline, which acts as a major dynamic resistance. As long as price remains below this trendline, sellers remain in control.


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Chart Pattern (Pattern Explanation)

AAVE is forming a Descending Trendline (Bearish Structure), characterized by:

A series of lower highs since September

Multiple rejections along the descending trendline

Upward moves that appear corrective rather than impulsive


This pattern indicates that every rally is still considered a pullback unless a confirmed breakout occurs.


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Key Levels

Resistance Levels:

182 USDT (minor resistance / rejection area)

203 USDT (mid resistance)

232 USDT (strong resistance)

260 USDT

298 USDT

358 USDT (major resistance & previous high)


Support Levels:

158 USDT (nearest support)

146 USDT (key support)

134 USDT (critical support, potential continuation to the downside)



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Bullish Scenario

The bullish scenario becomes valid if:

Price breaks above and closes above the descending trendline

Followed by a successful break and hold above 182 – 203 USDT


Bullish targets:

203 USDT

232 USDT

260 USDT

298 USDT (extension target if momentum strengthens)


A valid breakout could signal the end of the bearish structure and open the door for a medium-term trend reversal.


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Bearish Scenario

The bearish scenario remains dominant if:

Price gets rejected again at the descending trendline

Fails to reclaim the 182 USDT area

Breaks down below the 158 USDT support


Bearish targets:

146 USDT

134 USDT


A breakdown below 134 USDT would strengthen the case for a bearish continuation with increased selling pressure.


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Conclusion

AAVE/USDT remains in a bearish trend, with the descending trendline acting as the key decision zone.

Trendline breakout → potential reversal

Rejection → bearish continuation


Waiting for clear confirmation is crucial before entering any position, supported by proper risk management.


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