Aave
Why Aave is down 5.2% today
Analysis
Aave (AAVE) fell 5.2% over the past 24 hours as traders reacted to a weakening technical setup focused on the key $145 support area. NewsBTC noted that AAVEβs price structure βhingesβ on this crucial level, and the market appears to have sold off as that support was tested/pressured, reinforcing near-term downside momentum.
Contributing Factors (1)
Aave Price Structure Hinges On Crucial $145 Level β Hereβs How
As the crypto market suffered a widespread decline, Aave (AAVE) prices dipped by nearly 10%, reaching a local bottom around $153. Presently, the altcoin is trading within a range of $155-$160, but an...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.