AAVE Price Analysis: Will Support Hold or Resistance Clash?

AAVE is currently hovering near the $178 mark, with trading volume down 33% from previous levels. This follows a slight uptick in overall cryptocurrency markets, but the Fear and Greed Index remains at an extreme level of fear (16). While Bitcoin (BTC) trades near $95,700 and Ethereum (ETH) hovers around $3,100, AAVE has shown modest gains of 1.38% over the past 24 hours. However, price swings have been significant, with the asset touching highs of $182.57 and lows of $173.78. 7 Currently, it trades at around $178.76 with a market cap of $2.74 billion. Daily trading volume has also decreased by over 33% to $442.19 million. Analysts indicate AAVE’s price structure is mirroring a prior pattern, potentially leading to a drop towards support levels around $125 if the bullish trend falters. This would serve as a potential demand zone with a bounce representing a reversal point for buyers.