AAVE: Bulls Keep the Pressure On — But $132 Is Proving StubbornAAVE / TetherUSBINANCE:AAVEUSDTDukesMarketAnalysisUptrend Remains Firmly Intact AAVE remains in a strong medium-term uptrend following June’s V-shaped recovery. The explosive break above the long-standing $103 resistance was particularly significant, with price continuing to trade well above that former ceiling. EMAs Confirm the Improvement The 100/50-day EMAs have now bullishly crossed, with both averages beginning to slope higher and price comfortably above them. This adds further weight to the improving medium-term technical picture. Bulls Battling the 0.618 Fib The immediate hurdle remains the 0.618 Fib around $132.41, where AAVE is struggling to gain a convincing foothold. A clean break above would bring the 0.786 Fib around $139.66 into focus before the recent $145.09 high. Momentum Has Reset Nicely RSI has cooled from overbought conditions while remaining comfortably above 50, giving momentum some room to rebuild. StochRSI is also approaching oversold territory, while recent buying volume has shown encouraging strength. In Summary AAVE’s medium-term picture remains constructive, with price holding comfortably above the rising, bullishly crossed 100/50-day EMAs following the powerful breakout above $103. The immediate battle remains the 0.618 Fib around $132.41, where bulls are struggling to gain a convincing foothold. Momentum has cooled without damaging the broader trend, leaving the door open for another push higher. A clean break above $132.41 would put $139.66 and eventually the recent highs back in focus.