$AAVE Tests Ascending Channel Support Near $91

Aave's price is testing the support line of its ascending channel since late June.

This channel has held several times, but the current test comes after a sharper pullback than usual, and how AAVE handles this zone will set the tone for the next leg.

The 4-hour chart shows that if $AAVE holds channel support near $87.53 on a closing basis, the next resistance zones are $102.31 and $108.32.

Liquidations over the past 24 hours have leaned heavily toward longs, matching the recent pullback into channel support.