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AAVE Holds Support as Sellers Maintain Control

AAVE Holds Support as Sellers Maintain Control

CryptonewslandCryptonewsland2026/08/18 17:51
By:Cryptonewsland
  • Buyers need confirmation near support before AAVE can challenge resistance, while a break below $85.99 could reopen deeper downside.
  • Reclaiming $87.19 would strengthen the recovery setup, but resistance near $89.45 and $92.88 still limits broader upside potential.
  • Breaking below $85.99 would open $79.14 and $72.27, while breaking above $92.88 would re-establish a solid bullish framework. 

AAVE is in a technical crossroads with buyers defending the key support and sellers holding the overall structure with their eyes on a renewed potential recovery or another breakdown. 

Support Becomes the Immediate Battleground

The displayed chart shows the token trading around $86.16 after recovering from approximately $85.70. Price remains close to the $85.99–$86.30 support region. This zone now separates a potential rebound from renewed selling.

The support area has become important following repeated downward reactions. Buyers have previously responded around similar levels during the broader consolidation. However, sellers continue pressuring the market after unsuccessful recovery attempts.

Finora AI identifies $87.19 as the first important level for buyers. Reclaiming that threshold could improve the short-term structure. Stronger trading volume would provide additional confirmation behind such a move.

Resistance Still Limits the Recovery

The first major resistance sits around $89.45, where previous advances encountered selling pressure. A recovery toward this level would test whether buyers can sustain momentum. Rejection there would preserve the current bearish structure.

The next important barrier stands near $92.88, according to Finora AI’s framework. Previous attempts have struggled around this broader resistance region. Therefore, buyers need sustained strength before establishing a wider recovery.

The analysis also identifies $93.57 as another possible upside target. That level becomes relevant if momentum continues after resistance is reclaimed. But there may still be a little more selling pressure around these higher levels.

Beyond $92.88, the chart points toward $95.50 and $102.54. If it does close above $92.88 — a price that has never been seen before — it would make a significant structural change. Until then, rallies remain exposed to renewed selling pressure.

Breakdown Risk Keeps Bears in Control

A decisive close below $85.99 would weaken the current support setup. Finora AI projects $79.14 as the next potential downside objective. A stronger selloff could subsequently expose $72.27.

Such a breakdown would reinforce the weaker structure visible across recent trading. The market would establish another lower level after failing to recover. Sellers would then retain control until stronger demand develops.

For short setups, Finora AI focuses on $89.45 or higher. The preferred confirmation involves a retest followed by a rejection candle. This approach keeps the focus on confirmed resistance rather than chasing weakness.

The longer chart shows a powerful recovery from the June low before consolidation. That advance eventually encountered repeated resistance near higher levels. Since then, the market has struggled to establish sustained higher highs.

The technical picture therefore remains conditional rather than decisively bullish. Holding $85.99–$86.30 could support another recovery attempt. Conversely, losing that zone would expose the lower targets identified by Finora AI.

A reclaim of $87.19 would provide the first constructive signal. A move through $89.45 would strengthen the recovery further. Above $92.88, the broader structure could shift toward bullish continuation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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