Recently, the price movement of AAVE has attracted widespread attention in the market. Currently, the trading price of AAVE is about 292 USD, facing an important technical threshold.

From the chart analysis, AAVE is currently below a descending trend line that extends from historical highs. The existence of this trend line indicates that the market bears still maintain a certain advantage. In addition, around $320, we observe a clear double top pattern, which is typically seen as a bearish signal in technical analysis.

If AAVE cannot break through these resistances, we may see further pullbacks. In this case, investors should closely monitor the support situation in the $240-250 range. If this range fails to provide effective support, then the strong support near $135 may become the next key point.

It is worth noting that the recent decline has not been accompanied by a significant increase in trading volume, which may suggest that the current adjustment is still within a healthy range. However, market participants should remain cautious and closely monitor subsequent developments.

Looking ahead, the price movement of AAVE may face two main scenarios: if it can break the downward trend line and strongly surpass 320 dollars, it may initiate a new round of increase; otherwise, it may continue to adjust in the short term, at which point the support around 250 dollars will become particularly important.

Regardless, it is always wise to maintain rationality and caution in the cryptocurrency market. Investors should make decisions based on their risk tolerance and investment goals while continuously following changes in market dynamics and technical indicators.