AAVE 8H – Retesting Support, Will Bulls Defend $305?

AAVE has pulled back sharply from the recent spike near $327 and is now retesting the highlighted support zone around $312–305. This area is critical since it served as a strong breakout base earlier.

Below current price, the next support levels line up at $295, $264, and $250 — each representing deeper demand zones. A decisive breakdown of $305 could shift momentum back toward the broader downtrend, while a successful defense here may fuel another leg higher.

The Stoch RSI is entering oversold territory, hinting at possible relief. However, price structure will ultimately dictate direction — a clean reclaim and higher low formation could favor bulls, while sustained weakness risks continuation to the downside.

Traders should watch the $305 zone closely for confirmation.