Aave’s price action has hit a key resistance barrier between $295 and $305, mirroring the descending supply trend and horizontal rejection zone. This pattern reflects a lack of confidence among bulls as evidenced by backtracked volume, suggesting a neutral to bearish outlook. To reverse this trajectory, bulls need to push through the $305-$315 mark with substantial trading activity, or risk a potential return to support levels around $245-$260. 2023’s bullish rally for Aave is fading as a result of recent technical setbacks. The current trend is exhibiting a corrective setup. While recent gains and positive weekly performance have been recorded, the larger trend remains apprehensive due to the bulls’ struggle in overcoming key technical hurdles.