Aave Faces $330 Rejection As Chart Projects Drop Toward $237 Support

The Aave chart shows rejection near $330, with the price trading close to $310 and support levels in sight.

Support at $294 and $270 may decide the next move, while $248 remains a critical base for the token.

The projected path shows a possible decline toward $237 if bearish momentum continues to drive the market.

Aave (AAVE) is showing weakness at a critical price level, with technical analysis pointing to a possible decline. The chart signals that the token has faced rejection near $330, an important resistance zone, and now eyes a potential move toward $237 if the downward trajectory continues. With the price currently holding around $310.80, traders are closely watching whether the rejection sparks a deeper correction or if stability can hold above key support levels.

Resistance, Rejection, and Price Action

The recent chart structure highlights how Aave struggled to sustain momentum once it reached the $330 mark. This resistance has acted as a ceiling, stopping the upward move that began earlier this month from the $248 zone. The rejection has shifted near-term sentiment, suggesting that a new downward leg could be forming.

At the peak, Aave climbed to $337.71, but the rally quickly lost steam as sellers took control near this level. The pullback brought the price back to the $310 area, reflecting weakening demand at higher ranges. The chart shows the $330–$337 corridor as a strong rejection zone, one that will remain critical if another attempt to push higher takes place.

The dotted path presented in the analysis projects a bearish course if resistance continues to dominate. This suggested route points toward $237, marking the next significant support level in view. Traders will evaluate whether this potential decline unfolds or if current conditions shift before deeper retracement emerges.

Support Levels in Focus

The immediate supports are drawn at $294 and $270, which represent prior consolidation areas during recent price action. Both levels will act as checkpoints in the event of further weakness, providing possible zones where buyers could step back into the market. If either level fails, bearish pressure could escalate rapidly.

Earlier in August, Aave found relief at the $248 base before rebounding strongly. That level remains an important structure in the chart, and a return to this zone cannot be ruled out if price loses footing above $270. From that point, momentum may test deeper waters, specifically the projected $237 area identified as the ultimate lower target.

The $237 level holds historical significance, aligning with previous floor values where accumulation occurred. If price falls to this region, market participants will look for signs of stability or further breakdown. Technical traders will be analyzing the reaction closely, as holding or breaking this zone will shape the next trading phase for Aave.

Question of Momentum

The outlined path raises a pivotal question for traders and investors: will Aave’s bearish momentum extend from $310 all the way down to $237? The resistance zone near $330 continues to dictate the short-term outlook, and as long as it holds, downside targets remain in play.

The balance between support at $294 and $270, and resistance at $330, now defines the token’s trading landscape. If support gives way, $248 will once again come under pressure, and failure at that level will leave the door open to a full test of $237. Such a scenario would represent a retracement from recent highs and mark a critical moment in Aave’s chart history.