Floor of the descending channel
AAVE is moving within a descending channel, with the price correcting after hitting the channel's ceiling. The price may continue downward towards the channel's floor, indicating a continued downtrend.
9/4/20241 min read
AAVE is currently moving within a descending channel, with the price correcting after hitting the channel’s ceiling. This movement indicates a continuation of the downtrend and an attempt to break out of this descending channel.
The possible scenario is that the price continues to move downwards, reaching the floor of the descending channel. This movement could continue the fluctuations within the channel and strengthen the downtrend.