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Summary
• Aave/Tether declined after a failed rally, with key support holding at $165.00.
• Volume spiked during the drop, confirming bearish momentum below the 20-period moving average.
• RSI and MACD show divergence, suggesting potential for a short-term rebound.
• Volatility expanded during the 5-hour sell-off, with price testing lower Bollinger Band boundaries.
• Fibonacci 61.8% level at $165.35 is critical for near-term direction.
Aave/Tether (AAVEUSDT) opened at $168.25 and closed at $166.55, with a high of $169.24 and a low of $163.42 over the 24-hour period. Total volume reached 13,490.42, and notional turnover was $2,251,592.19.
Structure & Key Levels
Price formed a bearish engulfing pattern during the 5-hour drop from $167.99 to $164.15, signaling a shift in sentiment. A triple bottom at $164.00–$164.15 later provided a floor, with price rebounding from this area. Resistance remains at $166.80–167.28, with support at $164.99 and $165.03 as critical Fibonacci levels.
Trend and Moving Averages

The price closed below both the 20 and 50-period moving averages on the 5-minute chart, reinforcing a short-term bearish bias. Longer-term daily MA levels (50, 100, 200) suggest a more neutral stance, though price remains within a tight consolidation range over the past week.
Momentum and Volatility
Momentum indicators show a mixed picture: RSI has entered oversold territory, while MACD remains negative with a flattening histogram, hinting at potential for a counter-trend bounce. Bollinger Bands widened significantly during the 5-hour sell-off, indicating increased volatility. Price remains within the lower half of the band, suggesting downward pressure is still intact.
Volume and Turnover Analysis
Volume and turnover surged during the 5-hour breakdown to $164.15, with volume peaking at over 1,434 units. However, the subsequent rally into $166.55 was accompanied by weaker volume, suggesting a lack of conviction. Divergence between price and volume raises questions about the sustainability of the rebound.
Forward Outlook and Risk
Price could test the $164.00–$164.15 support zone again before attempting a recovery toward $166.80–167.28. A break below $164.00 could accelerate the move to $163.40, while a close above $166.80 may trigger a short-covering rally. Investors should remain cautious due to the potential for increased volatility and a possible continuation of bearish momentum.
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