AAVE Near $179: Chart Pattern Suggests Potential Drop to $125 Support

AAVE trades near $179, with price testing key support at $173.89. The current chart structure aligns with a previous pattern that foreshadowed a decline toward the $125 zone if weakness persists. Short-term indicators point to weakness: RSI is at 30.14 and MACD values are in negative territory, mirroring recent downward pressure. A notable similarity between current price movements and prior downturns has prompted traders to closely watch the $125 support level. The pattern also shows a strong alignment with the $125 zone on long-term charts.