Aave experienced significant liquidations totaling over 200 million USD, marking a concerning 30% of its overall liquidations. Despite this event, the platform demonstrated resilience through reduced bad debt, reflecting its continued health.
With a price drop of 6.25% to 259.34 USD, Aave faces resistance at 360 USD and support at 230 USD. Current market sentiment is balanced, with a slight bullish edge, indicating potential recovery if conditions stabilize.
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