The current technical signals for AAVE are indeed a bit pessimistic. The moving averages have formed a bearish arrangement, with a death cross and three consecutive bearish lines, all of which are quite obvious bearish indicators.



However, there is something to note here. The trading volume has shrunk significantly, and there hasn't been a volume confirmation during the decline, which is a bit strange. At the same time, the RSI indicator has entered the oversold area, suggesting that there may be a rebound demand in the short term from a technical perspective.

From a price level perspective, the 163.91 point is a relatively obvious resistance. If it rebounds here subsequently, you can consider the opportunity to short positions, with the stop-loss set at 166.5 and the target looking down at the 154.82 range.

Additionally, 158.2 is a relatively key support level that deserves close attention. If it really breaks downward, we may need to continue watching the 150 range. But to be honest, the current trend of falling on low volume clearly shows that the market is in a wait-and-see attitude, with no particularly clear direction.

From a macro perspective, it is relatively neutral, with both bullish and bearish factors present, and there is currently no clear directional impetus. Therefore, it is still important to closely monitor the trends in the technical aspect.

Overall, the trend is indeed bearish, but the key is to see if the trading volume can support it. A decline with insufficient trading volume is usually hard to sustain, so this is something to watch out for.
AAVE-1.41%
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GasGasGasBrovip
· 12-22 15:53
The drop on low volume is a pattern I've seen many times; there's an 80-90% chance of a rebound, so don't rush to short.
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ServantOfSatoshivip
· 12-22 15:43
The recent fall on low volume feels a bit fake; it seems like accumulation rather than dumping.
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HashBardvip
· 12-22 15:32
volume whispers lies that technicals scream, no conviction on either side... classic market theater waiting for the curtain call 🎭
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