TL;DR
AAVE eyes $270 support after a sharp pullback, aligning with key Fibonacci and volume levels.
RSI drops to 44.12, suggesting weakening momentum as the price nears lower Bollinger Band support.
Aave leads DeFi growth, adding $15B TVL and preparing new launch on Kraken’s Ink chain.
AAVE Price Approaches Potential Support
Aave (AAVE) is trading around $284 after a painful drop over the last week. The token has lost more than 13% in that time and is down nearly 6% in the past 24 hours. Volume remains high, with over $790 million traded in a day.
Analyst Ali Martinez suggests that a move to $270 could come next, calling it a “reload zone.” This area is just above the 0.618 Fibonacci level at $247.56 and lines up with a previous resistance area. If the price holds here, it may become a short-term base for buyers looking to step in again.
$AAVE could pull back to $270 before making a move toward $560. Watch this potential reload zone closely! pic.twitter.com/GXVECNvu1H
— Ali
We współpracy z: https://cryptopotato.com/aave-down-13-weekly-heres-the-key-bounce-zone/
