AAVE has broken below the crucial $170 support level following a 10% decline driven by significant whale selling. The MACD death cross has widened, indicating increased bearish momentum. The token is now approaching the neckline of a double top pattern, with the previous support level of $170 acting as resistance. Traders are closely monitoring the $150 support level for signs of a potential double bottom pattern. A successful retest of the $170 level could suggest a trend reversal if it holds, but the current technical indicators point to continued bearish pressure.