AAVE 8H – Rising Trendline and Horizontal Support ConvergingAAVE / TetherUSBINANCE:AAVEUSDTBKVIPAAVE on the 8H timeframe is currently trading around 97.65 after pulling back from the late July high near 103–104 and pressing into the 86.00–88.25 horizontal support zone where the rising trendline from the June low is also arriving, creating a confluence of two key levels at the same price area. The chart shows a rising trendline originating from the early June low near 59.00–60.00, connecting the June recovery lows and continuing to climb steeply into the 86.00–88.00 area currently. Price broke above the 86.00–88.25 horizontal level in early July after recovering from the June low and has since ranged between that level and 103–104 across July and early August, with the 86.00–88.25 zone holding as support on every meaningful pullback. The July 1 low near 86.00, the July 8 spike low near 87.00, and the current candle near 86.38–88.25 have all found support at or near this zone, while the rising trendline is now climbing into the same area from below, arriving at precisely the point where price is currently sitting. A secondary horizontal reference near 89.00–90.00 sits just above as a minor resistance on any near-term recovery. The convergence of the rising trendline and the 86.00–88.25 horizontal at current price makes this the most significant support cluster on the chart, with multiple prior tests of this level all producing recoveries back toward the 98.00–103.00 range above. Key Levels To Watch → 110.00–112.00 Prior high, major resistance above → 100.00–103.00 Recent range high, resistance → 94.00–96.00 Minor resistance, mid-range reference → 89.00–90.00 Horizontal pivot, immediate resistance → 86.00–88.25 Horizontal support and rising trendline, current confluence zone → 82.00–84.00 Secondary support below confluence → Below 75.00 Trendline breakdown, macro structure at risk A hold at the confluence zone near 86.00–88.25 and a recovery back above 89.00–90.00 would confirm the level as active support once again and reopen a move toward 94.00–96.00 and potentially a retest of the 100.00–103.00 range high. A confirmed 8H close below the confluence zone near 86.00 would break both the horizontal support and the rising trendline simultaneously, opening downside toward 82.00–84.00 and potentially 75.00 on a more extended breakdown with the macro bull structure from June fully invalidated. Rising trendline and key horizontal converging at current price, strongest support cluster on this chart. Hold 86.00–88.25 → recovery open toward 94.00–103.00. Lose confluence on confirmed close → macro structure broken, downside toward 82.00–75.00. Bias bullish above confluence zone. Shift only on confirmed close below 86.00–88.25.