AAVE 8H – Rising Trendline Holding at Horizontal SupportAAVE / TetherUSBINANCE:AAVEUSDTBKVIPAAVE on the 8H timeframe is currently trading around 89.65 after pulling back sharply from the late July high near 100.00 and pressing into the rising trendline near 87.00–89.00 where it has bounced, with price now sitting just below the 91.00 horizontal level that has been a consistent pivot throughout the post-June structure. The chart shows a rising trendline originating from the early June low near 59.00–60.00, connecting the June 10 higher low near 62.00 and continuing to climb steeply into the 87.00–89.00 area currently. Price broke above the trendline in late June and rallied aggressively from the 66.00–68.00 zone toward 100.00 by late July, with the trendline never tested during the entire rally phase. The pullback from the 100.00 high has brought price back to the trendline for the first time since the breakout, with the current candle showing a bounce off the 87.00–89.00 zone. A horizontal level near 91.00 has been a recurring pivot through the mid-portion of the structure and is now sitting as the immediate overhead resistance following the trendline bounce. The trendline has not been tested since price broke above it in late June, making the current touch the first meaningful test of the structure that supported the entire rally, and the quality of the bounce here will determine whether the bullish trend continues or begins to deteriorate. Key Levels To Watch → 98.00–100.00 Late July high, major resistance above → 95.00–96.00 Prior consolidation zone, resistance → 91.00–92.00 Horizontal pivot, current resistance → 87.00–89.00 Rising trendline, current bounce zone (dynamic) → 83.00–85.00 Secondary support below trendline → 79.00–80.00 Mid-range support zone → Below 72.00 Trendline breakdown, bullish structure at risk A hold above the rising trendline near 87.00–89.00 and a confirmed break back above 91.00–92.00 would keep the macro bullish structure intact and reopen a move toward 95.00–96.00 and potentially a retest of the 98.00–100.00 high. A confirmed 8H close below the rising trendline near 87.00–89.00 would break the structure that has supported the entire rally since June, opening downside toward 83.00–85.00 and potentially 79.00–80.00 on a more extended breakdown. First trendline test since the June breakout, quality of bounce determines next direction. Hold 87.00–89.00 and reclaim 91.00–92.00 → rally structure intact, eyes on 95.00–100.00. Lose trendline → structure broken, downside toward 83.00–85.00. Bias bullish above rising trendline. Shift only on confirmed close below 87.00–89.00.