AAVE/USDT Analysis: Recovery Attempt After Sharp Pullback

After a sharp corrective move, AAVE is showing early signs of recovery. The token is currently trading near $99.00 USDT, up +2.25% on the day, as buyers slowly return to the market
Market Structure

AAVE is attempting to stabilize following a notable pullback. While buyers are gradually stepping in around current levels, the overall trend confirmation remains weak. The structure is transitioning from a corrective phase into an early recovery stage — but caution is still warranted.
Key Levels to Watch

· Resistance: $102 – $106
· Support: $96 – $93

A breakout above $102** with strong volume could open the door toward **$106 and higher. On the flip side, losing the $93 support would likely weaken the current structure and invite further downside.
Indicators Snapshot

· RSI: Recovering toward neutral territory, signaling improving momentum.
· MACD: Flattening after the recent downward move, suggesting bearish pressure is easing.
· EMA structure: Starting to stabilize after short-term weakness, though still not bullish.
Market Interpretation

Volume remains moderate but is showing a slight increase on rebound candles — a sign of cautious accumulation. The market is no longer in freefall, but clear directional strength has yet to emerge. Traders are waiting for confirmation either above resistance or below support.
Outlook

· Bullish scenario: A clean break above $102 could push AAVE toward $106–$110 in the near term.
· Bearish scenario: Failure to hold $96 and a break below $93 would likely trigger another leg down.