TLDR:
- AAVE price falls from $315 after repeated rejections, now trading near $257 with sharp short-term weakness.
- $227 emerges as the key support that could spark a rebound or confirm a deeper correction.
- A break below $227 could drag AAVE toward $152, a strong historical demand zone.
- Analysts eye a possible reversal pattern if bulls defend $227 and reclaim lost momentum.
Aave has run into the same wall again. After climbing toward $315, the price pulled back sharply. Traders are now watching the $227 zone closely. Many see it as the last strong base before another rally attempt. If it holds, the market could be setting up for a sharp recovery.
Price Slides From Resistance
The daily chart of AAVE/USDT shows repeated failures at the $315 to $360 zone. BullishBanter noted that sellers have consistently stepped in at these levels, turning the area into a ceiling. Price now trades around $257, slipping from last week’s high near $320.
$AAVE just got rejected again from the same resistance zone it’s struggled with before
Price is around $255, and it looks like we might dip to $227 zone before bounce
If that support holds, we could see a strong move back up toward $315+ https://t.co/pETP202oG8 pic.twitter.com/xIPzT2hvmo
— BullishBanter (@bullishbanter01) August 1, 2025
The rejection has pushed Aave into a correction phase. Short-term support has already broken, and the focus is shifting toward $227. According to BullishBanter, this zone has acted as a strong demand level before.
A move toward $227 could determine the next chapter. BullishBanter identified this zone as the most likely bounce point. If it holds, Aave may form a higher low and reclaim bullish momentum.
A deeper drop, however, could drag the price toward $152. That level sits in an older demand area marked on the chart, serving as a worst-case fallback. For now, traders are fixated on $227 as the deciding point.
Traders Eye a Reversal Pattern
Sjuul from AltCryptoGems highlighted another angle. He pointed out that Aave is trading under the 4-hour EMA200, showing clear short-term weakness. His outlook suggests a possible three-drive pattern that could finish near support before any rebound.
$AAVE has lost some stamina lately, especially since it started to trade below the 4H EMA200.
If we don't recover now, I can see it going down a bit further.
Ideally, we make a 3-drive pattern down at support and bounce from there.
Waiting for now.
pic.twitter.com/R7aqJVtRO3
— Sjuul | AltCryptoGems (@AltCryptoGems) July 31, 2025
Meanwhile, price data from CoinGecko shows Aave at $257.13, down 6.99% in 24 hours and 11.68% in seven days. The correction is sharp, but many believe it could be a reset within the larger uptrend.
Aave is now at a turning point. A strong defense at $227 could fuel a fast rally toward $315 and beyond. If not, traders may need to prepare for another leg lower.
For now, all eyes are on that support. The next move could decide whether bulls get another shot or the downtrend deepens.
The post AAVE Price Faces Another Rejection, Analyst Warns of Dip to $227 appeared first on Blockonomi.
Source: https://blockonomi.com/aave-price-faces-another-rejection-analyst-warns-of-dip-to-227/