AAVE Down 13% Weekly: Here’s the Key Bounce Zone
TL;DRAAVE Price Approaches Potential SupportAave (AAVE) is trading around $284 after a painful drop over the last week. The token has lost more than 13% in that time and is down nearly 6% in the past 24 hours. Volume remains high, with over $790 million traded in a day.Analyst Ali Martinez suggests that a move to $270 could come next, calling it a “reload zone.” This area is just above the 0.618 Fibonacci level at $247.56 and lines up with a previous resistance area. If the price holds here, it may become a short-term base for buyers looking to step in again.$AAVE could pull back to $270 before making a move toward $560. Watch this potential reload zone closely! pic.twitter.com/GXVECNvu1H— Ali (@ali_charts) July 24, 2025Key Levels and Trend IndicatorsOn the chart, the projected move points to a pullback near $270, followed by a possible climb toward $400 and later $560. These levels match historical price reactions and Fibonacci extension zones.Short-term momentum has cooled. The RSI sits at 44.12, down from the recent average of 60.52. AAVE is also below the midline of its Bollinger Bands, which is now around $305. The lower band is closer to $273, suggesting this area could act as support if selling continues.DeFi Growth Supports Long-Term OutlookSince April, DeFi protocols haveaddedaround $49 billion in new value. Aave accounts for $15 billion of that, which is nearly one-third of the total. This places it among the top contributors in the space.In addition, the protocol is planning to launch a version of its lending platform on Kraken’s Ink blockchain. The move has already received over 99% support in a governance vote and now heads to a final round of approval from the DAO.AAVE is hovering near a zone that has seen strong reactions before. Analyst Sjuul from AltCryptoGems said,“AAVE is at an interesting spot… a bounce here and the bullish structure is safe.”Price action in the coming days may confirm whether buyers step back in at this level.