AAVE Technical Analysis Feb 3

AAVE is trading at 128.59 USD and holding at the short-term support zone of 128.21 with strong buyer interest. Above, the 131.00 resistance forms a critical test point, while the overall downtrend continues.

Current Price Position and Critical Levels

AAVE is currently positioned at 128.59 USD and traded in the 124.81-131.03 range with a 2.63% rise in the last 24 hours. The overall trend is downward, with price trading below EMA20 (147.86 USD) and RSI at 32.67 near the oversold region. The Supertrend indicator is giving a bearish signal and showing resistance at 157.05 USD. 13 strong levels were detected across multiple timeframes (1D/3D/1W): 3 supports/2 resistances on 1D, 2 supports/1 resistance on 3D, 2 supports/4 resistances confluence on 1W. This shows that the price’s current position is sensitive and squeezed between 128.21 support and 131.00 resistance. Volume is at a medium level of 192.27M USD, but volume increase was observed during support tests.

Support Levels: Buyer Zones

Primary Support

The strongest support level stands out at 115.6600 USD (score: 75/100). This level forms a strong demand zone on 1W and 3D timeframes; it was tested three times in October 2025 and showed +15% bounces each time. On the 1D chart, this level coincides with an order block – a region where large buyers accumulated liquidity. The volume profile peaks here with confluence from Fibonacci 0.618 retracement and EMA50 (around 116 USD). If price pulls back here, aggressive buyer entry is expected; historical retests showed strong green candle closes. Multi-timeframe confirmation is high: swing low on 1W, volume cluster on 3D.

Secondary Support and Stop Levels

Among secondary supports, 128.2150 USD (score: 67/100) is a critical buffer just below the current price. This level aligns with the last 24-hour lows (bounce near 124.81) and a short-term demand zone on 1D. It was rejected twice in the past, with buyers stepping in on volume increase. A lower level at 121.9861 USD (score: 60/100) coincides with 1D EMA200 and the liquidity pool from the November 2025 breakdown. Breaking below this could lead to 115.66. Stop-loss suggestion (for risk management): below 121.98, invalidation on 115.66 breakdown confirming downtrend – downside target 60.4572 USD (R/R 1:3+).

Resistance Levels: Seller Zones

Near-Term Resistances

The most critical near-term resistance is at 131.0025 USD (score: 81/100). This level exactly matches the last 24h highs and represents a 1D supply zone. Price was rejected as it approached here (pin bar candles), with selling pressure increasing on volume. Strong on 1W timeframe with pivot high and RSI divergence (no upward divergence from 32). Volume confirmation is required for breakout; high risk of false breakout, could reverse after liquidity sweep.

Main Resistance and Targets

Main resistance at 144.0511 USD (score: 60/100), reinforced by the EMA20 (147.86) approach. This level is a strong supply block on 3D and 1W: retested after breakdown in January 2026, high selling volume on volume profile. Coincides with Fibonacci extension 1.0. If broken, upside target 198.0641 USD (score 31), but weak under bearish supertrend. Invalidation: daily close above 144 for bullish flip, but difficult in overall downtrend.

Liquidity Map and Big Players

Big players (smart money) may be accumulating long positions in the 128.21-115.66 support cluster – this is an ideal liquidity accumulation pool (for stop hunts). Above 131.00 offers short squeeze liquidity; sales may come as price raids and gets rejected here. Order blocks: bullish OB at 121.98 (buyers), bearish OB at 131.00 (sellers). On 1W liquidity map, imbalance above 144 with equal highs/lows. Volume analysis: spikes at supports, fades at resistances – whales accumulating below, distributing above. FVG (fair value gap) between 124-128 filled, new FVG may form on upside.

Bitcoin Correlation

AAVE is highly correlated with BTC (0.85+); BTC in downtrend at 78,822 USD with bearish supertrend. BTC supports at 78,671 / 74,604 / 63,235 USD – if broken, AAVE dragged to 115.66. Resistances at 79,385 / 83,548 – if BTC breaks here, AAVE rally to 131-144 possible. BTC dominance rise crushes altcoins; caution now, AAVE/BTC pair squeezed at 0.00163. BTC below 74k is red flag invalidation for AAVE.

Trading Plan and Level-Based Strategy

Level-based outlook: hold 128.21 tests 131.00, rejection to 121.98-115.66 downside. Break above 131 >144 target, stop below 128. Conversely, long setup on 115.66 bounce (with confluence confirmation). Check detailed charts in AAVE Spot Analysis and AAVE Futures Analysis. Risk/reward: Upside 1:2 (to 198), downside 1:3 (to 60). Trend bearish, oversold RSI may give long bias but tied to BTC. Always do your own research, this analysis is market opinion.