Just now, I looked at the AAVE charts, and the situation looks quite tense. The token is currently trading around $94.41 and is in a descending triangle pattern, which is clearly visible on the daily chart. This is exactly the type of formation that traders take very seriously because it usually leads to a significant price movement.

The interesting thing is: although the price is under pressure, the AAVE protocol is actually showing increasing activity. The protocol volume is rising, meaning more users are utilizing the system—regardless of how the market is currently performing. That’s a positive signal behind the scenes.

Technically, however, the situation is critical. With this descending triangle pattern, resistance levels are building up, and a breakdown to the downside could trigger further losses. Traders are watching the key levels closely to see which direction it will go. The descending triangle indicates that the market is compressing and a big move is imminent—the only question is, which way?

For many, this is now a critical phase: will AAVE break out upward from the formation or continue to fall? The answer should come soon.