$AAVE just took a sharp hit and the chart turned heavy fast.

Price is now around $116 after a strong rejection from the $126.60 zone. Sellers stepped in aggressively and pushed the market down to the $114.60 low. Right now we are seeing a small bounce, but the structure is still weak in the short term.

If buyers manage to hold above the $114–$115 support area, we could see a relief move back toward $121–$124. But if this support breaks, the downside can extend further.

Momentum is cautious here. Smart traders will watch the support reaction closely before jumping in.