What a surprise! AAVE’s key support and target levels have been brought into focus by a technical analyst. Whether the market can hold this line may determine the outcome, with the crucial level around 126. The original article was published on October 27, 2026. The author says AAVEUSDT has been in an ascending channel since its June low of 57.83, was previously rejected near the channel top at 187.59, and has now pulled back to around 126.
The author considers the 126.11–126.40 zone important because the ascending channel’s lower boundary, horizontal support, and the point of control (POC) in the August–September volume profile all converge there. The channel’s midpoint has already been lost, making the lower boundary a key line of defense. As long as the daily chart holds, the structure of higher highs and higher lows remains intact.
According to the author’s conditions, if price finds support in the 126.1–126.4 zone and reclaims the channel midpoint, the first target is 165.9, which also aligns with horizontal resistance and the long-term VWAP. The planned risk/reward ratio is about 3.85. If 165.9 is broken, the next target is the previous high and the channel top at 187.59. The historical all-time-high VWAP near 200 is a further resistance level. The author also identifies 116.12 as the invalidation level: a daily close below it would mean the channel and this outlook are no longer valid.
The original article says a quick dip below 126 followed by a recovery could simply be a liquidity sweep, provided the price closes back above 126. On fundamentals, the author mentions AAVE’s DeFi lending business, protocol revenue, buyback mechanism, GHO stablecoin, V4 upgrade, and institutional interest in real-world assets and on-chain lending. These are the author’s views, however, and have not been independently verified in this article.
Market outlook: neutral to bullish, but this is a technical expectation contingent on certain conditions being met; it does not mean the price has already reversed. If 126 holds, market attention may turn to the possibility that AAVE’s uptrend structure will continue. If the daily chart breaks below 116.12, the bullish thesis is invalidated. Which do you think matters more for AAVE right now: support at 126 or a breakout above 165.9?
#AAVE #DeFi
Source: TradingView Crypto Ideas