AAVE Drops 86% From ATH; Can This Key Support Zone Trigger a $1,000 Rally?
The post AAVE Drops 86% From ATH; Can This Key Support Zone Trigger a $1,000 Rally? appeared on BitcoinEthereumNews.com.
TLDR: AAVE is trading around $124, sitting above a major support zone between $90 and $110 on the weekly chart. A multi-year ascending trendline active since 2021 converges with the 0.618 Fibonacci level at current prices. Price is compressing between descending resistance and rising support, signaling a potential breakout is approaching. Upside targets range from $190 to $1,000, representing a 10x return from the base of the accumulation zone. AAVE is currently sitting at a critical support zone following an 86% decline from its all-time high. The DeFi token is trading around $124, holding above a major weekly trendline that has remained intact since 2021. Analysts are now watching whether this level can sustain buying pressure and trigger a larger recovery. Crypto analyst CryptoPatel has outlined a detailed technical case suggesting a potential 10x move from the current accumulation range. Price Holds Above Key Support as Accumulation Signs Emerge AAVE is trading above a high-timeframe support zone between $90 and $110. This range has attracted considerable attention from technical analysts tracking the asset’s long-term structure. The zone aligns with a multi-year ascending trendline, adding weight to its relevance as a demand area. CryptoPatel flagged the setup on social media, stating that price is showing a “liquidity sweep and reaction from a multi-year ascending trendline that has held since 2021.” $AAVE -86% CRASH CREATED A ONCE-IN-A-CYCLE OPPORTUNITY | $1,000 TARGET STILL IN PLAY?#AAVE Is Trading Around $124 Above Major Weekly Strong TL Support at $90 Which is HTF Accumulation Zone.Structure Is Showing Clear Liquidity Sweep + Reaction From Multi-Year Ascending… pic.twitter.com/jtnIwdRbvU — Crypto Patel (@CryptoPatel) February 16, 2026 That trendline converges with the 0.618 Fibonacci retracement level, forming a strong area of technical confluence. Together, these factors point to a historically significant support region for the asset. Beyond the trendline,…
Filed under: News - @ February 18, 2026 12:27 am