AAVE cryptocurrency tests critical support levels near $86

AAVE is currently experiencing significant price volatility and technical tension. The asset is trading near the $86.00–$88.25 range, which represents a critical confluence zone where a rising trendline from June meets a key horizontal support level.

While some indicators suggest a structural downtrend—with the price sitting below multiple major moving averages between $89.50 and $97.94—other technical signals point toward potential exhaustion of selling pressure. The daily stochastic is in oversold territory, and the MACD histogram has flattened, suggesting momentum may be stabilizing.

Key levels for future movement include immediate resistance near $89.00–$90.00 and major resistance between $100.00 and $112.00. On the downside, failure to hold the current support cluster could lead to a slide toward the $84.00–$84.46 area.