Recently observing AAVE's recent market movement, it may seem sluggish on the surface, but the details are worth digging into.

**Where is the technical contradiction?**

The four-hour Bollinger Bands have already noticeably contracted, and the price is repeatedly bouncing near the middle band—this pattern usually indicates that a direction choice is imminent. The MACD is still below the zero line, but the red histogram bars are shortening, which essentially means the bearish momentum is weakening. However, before crossing above the zero line, rebounds should be considered as short-term retracements. The RSI and KDJ are turning upward from low levels, but haven't entered the strong zone yet, indicating that short-term selling pressure has eased somewhat.

**Where are the key levels?**

The support level at 146 has been repeatedly defended, while the resistance at 160 remains in place. Although indicators are recovering, they are far from signaling a strong reversal.

**My judgment: it’s not falling anymore**

If a sharp decline were to happen, it should have broken through support at 146 under negative conditions. But now, the fact that it can repeatedly hold around 146 suggests that there is capital supporting the price. Plus, the DeFi sector has shown signs of recovery recently, and as an established leading project, AAVE might be accumulating strength at this moment. The bulls and bears are stalemated at key levels, but I lean towards signals that the bearish momentum is weakening.