From a technical perspective, discussing Aave, the current short-term and long-term moving averages of AAVE (such as 10 days, 50 days, and 200 days) are all showing sell signals, indicating that the overall market is currently bearish. This situation usually suggests that prices may continue to be under pressure in the short term, but long-term investors may see good entry opportunities. The RSI indicator is in the 30-40 range, close to the oversold area (below 30 is considered oversold), indicating that Aave's price may be nearing a short-term bottom. Generally speaking, a rebound signal may appear when the RSI is below 30. The MACD indicator is currently bearish, indicating that market sentiment is still not optimistic. However, the gap between the MACD and the signal line is gradually narrowing, which may suggest that the market is about to enter an adjustment or rebound phase. Currently, Aave's key support level is around $160, and if the price breaks below this support, it may further test lower support areas, such as $150. The resistance level above is between $200 and $220, and if this area can be broken, there is hope for further testing of $250 or even higher.

As one of the leading projects in the DeFi space, Aave's Total Value Locked (TVL) is an important indicator of its fundamental strength. Currently, the TVL data is stable, showing the market's continued confidence in its protocol. Aave is advancing the Aave V3 version, optimizing lending efficiency, and expanding to more on-chain ecosystems, which will provide technical support for future growth.

The current market environment in which Aave finds itself is still influenced by macroeconomic factors, such as the Federal Reserve's interest rate hike cycle and the overall sentiment of the global crypto market. In this context, Aave's short-term price may be subject to fluctuations, but in the long term, as market sentiment improves, Aave may benefit from the expansion of its DeFi ecosystem.

From a technical perspective, Aave is currently in a potential bottom area, with a bearish short-term trend, but the long-term fundamentals remain robust. If you are a short-term investor, you may need to wait for clearer rebound signals; but for long-term investors, this may currently be a stage for gradual accumulation or observation.