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Summary
• Aave/Tether (AAVEUSDT) formed bullish engulfing patterns early and tested 176.60 as key resistance.
• Price closed near 174.74, consolidating after a sharp 1.3% decline from intraday highs.
• RSI showed oversold conditions late in the session, suggesting possible near-term buying interest.
• Turnover spiked during the 02:30–03:00 ET window, coinciding with a sharp reversal from 177.51 to 174.41.
• Bollinger Bands showed volatility expansion during the morning, reflecting mixed buyer and seller activity.
The price moved through several key resistance and support levels, with 176.60 and 173.90 showing strong rejections and rebounds. A 20-period moving average (5-min chart) remained below price most of the session, confirming a bullish bias in the short term. However, a bearish crossover occurred during the 2-hour decline on 2026-01-17 02:30 ET, suggesting temporary bear momentum.
MACD showed a bearish crossover earlier in the session, followed by a narrowing histogram during the consolidation phase. RSI bottomed near oversold territory in the late hours, which may signal short-term support for buyers.

Fibonacci retracements highlighted key levels around 175.10 and 173.88 as potential areas for near-term support. A test of 173.88 may follow if sentiment remains bearish.
AAVEUSDT could see renewed buying interest as RSI suggests a potential bounce from oversold levels. However, the large bearish move from 177.51 to 174.41 indicates elevated short-term risks. Investors should monitor the 175.00 psychological level for further directional clues in the next 24 hours.
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