AAVE has slipped below the $95 resistance level, and traders are now watching for a move toward $82 support within the next 10 days. The breakdown comes after weeks of consolidation, with technical indicators putting a 65% probability on the token reaching the $76–$80 range before any meaningful bounce.
Why the $95 level mattered
The $95 mark had held as a key floor since late May, absorbing selling pressure during several intraday dips. Losing that level opens a relatively clear path lower, with the next major support zone sitting around $82. That zone aligns with a previous accumulation area from mid-April, making it a natural target for bears. Analysts tracking order-flow data note that sell volume picked up sharply once $95 gave way, suggesting the move wasn't just noise.
What the technicals show
Momentum indicators like the relative strength index have turned bearish but haven't yet reached oversold territory. That leaves room for further downside before buyers might step in. The 65% probability of hitting $76–$80 is based on a combination of Fibonacci retracement levels and volume profile analysis. If that range fails to hold, the next stop could be even lower, but the data currently points to a test and potential reversal near $82.
Where AAVE could go next
Despite the near-term weakness, the outlook isn't entirely grim. The same technical setup that points to $82 support also forecasts a rally to $110 by July, assuming that support holds. A successful test of $82 would likely attract dip buyers, and a return above $95 would negate the bearish breakdown. The next ten days are critical: if AAVE can stabilize around $80 and build a base, the stage could be set for a summer recovery. If selling accelerates through that zone, the projected rally may be delayed or invalidated.
For now, the token's price action will hinge on whether buyers defend $82 with enough conviction to spark a reversal. The clock is ticking on that 10-day window.
