Aave crypto price has sharply rejected $390 resistance, a level untouched this year. Aave now approaches $227 support, a key confluence zone that could maintain the bullish trend if defended.

Aave (AAVE) has faced a steep correction after failing to break through the $390 high-time frame resistance. The loss of the value area accelerated the downside move, but the price is now nearing a critical support cluster at $227. This level combines the 0.618 Fibonacci retracement with the high-low region of the current bullish structure, making it vital for continuation.

Aave price technical points:

• Rejection at $390: Aave failed to break its yearly resistance, triggering a corrective move.
• Critical Support at $227: Confluence of 0.618 Fibonacci and high-low structural support.
• Volume Confirmation Needed: Bullish demand must return with strong inflows to sustain the uptrend.

The sharp rejection at $390 marked the end of Aave’s latest attempt to break its high-time frame ceiling. This resistance has been untested since the beginning of the year, making it a significant barrier for continuation. Following the rejection, the loss of the value area intensified the downside move, sending the price toward the $227 support zone.

This support is highly significant. The 0.618 Fibonacci retracement aligns with the current higher-low projection, giving $227 the technical weight required to serve as a foundation for the next rally. If Aave defends this level, the bullish market structure of

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Author: Aziz Zamani