AAVE 1D – Pressing Lower Channel Support at New LowsAAVE / TetherUSBINANCE:AAVEUSDTBKVIPAAVE on the 1D timeframe is currently trading around 69.53 after a prolonged downtrend inside a descending parallel channel that has been in place since the October 2025 highs near 240. Price has been making lower highs and lower lows consistently throughout the channel, with the descending resistance capping every rally attempt and the lower channel boundary providing only temporary bounces before the downtrend continued. Price is now pressing directly on the lower channel boundary near 66.00–70.00, which is the lowest level on this chart, while the horizontal support floor near 69.53–72.00 is also being tested simultaneously. Key Levels To Watch 240 → October 2025 high, major resistance above 180–200 → Prior range, major resistance zone 130–145 → Prior consolidation zone, now resistance 96–106 → Prior lower channel support zone, now resistance 80–88 → Prior support zone, now resistance 69.53–72.00 → Lower channel boundary and horizontal floor, current test Below 60.50 → No visible support, new lows likely The descending channel has defined this entire bear move since October 2025. Every bounce inside the channel has been sold and the lower boundary has now been approached four times, each time producing a smaller and shorter recovery. A hold at the lower channel boundary near 66.00–70.00 would be the minimum requirement for any bounce, with the first target being the mid-channel area near 96–106. A confirmed close below 66.00 and breakdown of the lower channel boundary would push price toward 60.50 and below with no visible structural support. This is the last support in the current channel structure. Hold 66.00–70.00 → channel bounce possible, eyes on 88.00–96.00. Lose 66.00 → channel breaks down, new lows toward 60.50 and below. Fully bearish inside descending channel. Structure only shifts on confirmed break above descending resistance.