AAVEs Long-Term Structure is Approaching the $670 Resistance

• AAVE continues printing higher weekly lows while respecting a multi-year trendline despite recent short-term consolidation.

• Weekly structure remains constructive as AAVE advances toward historical resistance near the $670 region.

• Short-term volatility shows controlled consolidation as buyers defend the $182–$184 demand zone.

AAVE is navigating a market phase where long-term structure remains firm while short-term momentum cools. Price behavior reflects balance rather than directional conviction. Market participants remain attentive to structure across timeframes.

Long-Term Structure Continues to Guide Direction

A widely shared tweet from Bitcoinsensus noted that AAVE continues respecting a multi-year ascending trendline. That trendline originates from the 2022 bear market lows. Price has repeatedly formed higher weekly lows since then. Each reaction confirms sustained demand rather than speculative rebounds.

Source: X

The weekly chart also reveals a prolonged base beneath former cycle highs. Volatility compressed while price held above rising support. Such conditions often reflect accumulation rather than distribution. Long-term holders appear comfortable maintaining exposure through consolidation phases.

Recent upside progress developed in an orderly fashion. Weekly candles showed controlled expansion with limited upper wicks. There was no sign of panic-driven upside activity. This behavior aligns with structurally healthy trend continuation.

Major Resistance at $670 Remains the Key Test

Bitcoinsensus identified the $670 area as the next major resistance. This zone represents a historical supply region from the prior market cycle. Markets often pause when revisiting such levels. Price response there will shape longer-term expectations.

A decisive weekly move above $670 would confirm a long-term breakout. That outcome would validate the multi-year base formation. A temporary rejection would not negate the broader structure. Trendline support remains the defining technical reference.

Weekly pullbacks continue appearing shallow relative to the broader range. Buyers have responded consistently near rising support. Selling pressure has remained measured rather than aggressive. This pattern supports continued structural stability.

Short-Term Price Action Shows Controlled Consolidation

AAVE is as of writing, trading at $185 after reaching highs below $195. Early selling pushed the price toward the $182–$183 zone. Buyers defended that area, triggering a sharp rebound. The move suggested spot-driven demand rather than leveraged positioning.

After the rebound, price shifted into consolidation between $186-$190. Lower highs formed as early buyers took profits. Despite this, selling remained orderly. Volume declined as the market stabilized.

Near-term demand remains concentrated around $182–$184. Holding that range keeps short-term bias neutral-to-bullish. Resistance near $190–$195 continues limiting upside attempts. Until a breakout occurs, AAVE appears positioned for range-bound trade within the structure.