$AAVE Attempts Recovery After Sharp Sell-Off
AAVEUSDT is attempting to stabilize after a steep intraday sell-off on the 30-minute timeframe. However, overall market structure remains bearish following the decisive loss of multiple support levels. The aggressive drop suggests strong institutional selling, with the current price action showing consolidation rather than accumulation.
A key supply zone is visible between $115 and $120, where price previously failed and sellers stepped in aggressively. This zone will likely act as resistance on any upside retracement. Failure to reclaim this region could trigger another sell-off toward the $98 and $95 demand levels.
Until $AAVE breaks above supply with volume confirmation, rallies should be viewed as corrective within a broader downtrend.
