Aave Stuck in Coil: Breakout or Reversal Ahead?

Aave is currently trading at $125.32, stuck in a textbook coil between $122.51 support and $127.99 resistance.

The MACD histogram has collapsed to dead zero, indicating a loss of momentum after a sustained uptrend. However, the stochastic is still pointing marginally upward, suggesting that there's still some buying pressure.

Looking at the technical map, the immediate ceiling is $127.99, which has been acting as the intraday lid. Above this level, $130.67 is the strong resistance, and clearing it with volume could open up the door to the upper Bollinger Band at $150.09.

On the downside, $122.51 is the immediate defense line, and losing this support would expose a next meaningful floor at $119.71.