#美联储回购协议计划 The Aave ecosystem has been quite lively recently. Last week, AAVE dropped 13.3%, mainly because the protocol itself was fighting—Aave Labs and the DAO community arguing over fee distribution. This internal disagreement directly shook investors' confidence. While there is some room for a short-term rebound, a true recovery may require time to settle.

From a quarterly perspective, AAVE has been weakening. The support at $220 in October couldn't hold, and after entering November, it was tested again at the resistance level. Currently, the candlestick pattern remains bearish. However, there are some interesting details—on the 4-hour chart, from a rebound at $146 to $155, the MACD is approaching the zero line, and buying pressure is quietly accumulating. The CMF index has even risen above +0.05. These signals together suggest there is still a chance to push towards the key resistance zone in the short term.

The area to watch most closely now is between $167 and $178, which could become the final battleground for the bears. If it can break through $187 strongly, the bearish logic will need to be re-evaluated, possibly triggering a trend reversal. Overall, although fee disputes within Aave are frustrating, the protocol's fundamentals remain stable. Traders should pay more attention to rebound opportunities during this period, as the overall market sentiment remains cautious.

(Disclaimer: For market observation sharing only, not investment advice.)