AAVE: Long-Term Downtrend Meets Medium-Term RecoveryAAVE / TetherUSBINANCE:AAVEUSDTDukesMarketAnalysisLong-Term Trend Still Bearish Despite the recent recovery, AAVE continues to produce a series of lower highs and lower lows on the higher timeframe. Bulls need a break above $118.87 to signal a genuine change of character, with $131.98 becoming the next major resistance beyond that. Medium-Term Recovery Intact Since bottoming around $57.83, AAVE has established a sequence of higher highs and higher lows. As long as the $82.70 support continues to hold, the medium-term recovery remains intact despite the larger bearish trend. Resistance Continues to Cap Price The $102-$103 resistance zone has once again attracted sellers, preventing the latest rally from extending further. While the 100/50-day EMAs remain bearishly crossed, both averages are beginning to flatten, hinting that downside momentum is fading. Momentum & Volume Diverge RSI remains above 50, suggesting buyers still retain a slight momentum advantage. However, volume has gradually declined as price has approached resistance, implying that bullish conviction is weakening into this key supply zone. In Summary AAVE remains caught between a long-term bearish trend and a medium-term recovery. The higher low structure continues to favour the bulls while above $82.70, but repeated rejection around $102-$103 and declining volume suggest caution. A break above $118.87 would mark the first meaningful shift in the long-term trend, while losing $82.70 would weaken the current recovery.