AAVE Flags a Downside Move: Bearish Target Near $130

AAVE Flags a Downside Move: Bearish Target Near $130
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AAVE is currently trading around $150.
The potential downside target is near $130.

With the prolonged bearish momentum, the crypto market has been moving in all possible ways. All major assets have lit up the red candlesticks, losing momentum. The largest asset, Bitcoin (BTC), is trading near $87.7K, and Ethereum (ETH), the largest altcoin, hovers at $2.9K. Turning attention toward the altcoin pack, the AAVE price has slipped by 1.42%.  
The asset opened the day trading at a high range of $152.37.With the bearish encounter, the AAVE price has dropped toward the low of $148.66. If the asset continues to lose momentum, the price movement could see more downside correction within the market. 
Currently, AAVE trades at $150.19, with the market cap at $2.29 billion. Meanwhile, the trading volume is down by 19.22% to $172.74 million. Additionally, the Ali chart shows AAVE formed a descending flag pattern. It is consolidated in a narrow range. It has recently broken below t

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We współpracy z: https://thenewscrypto.com/aave-flags-a-downside-move-bearish-target-near-130/

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