AAVE is currently facing bearish momentum, having broken below its ascending trendline and indicating further potential declines. The selling pressure is reflected in a negative CVD and low long-to-short ratio.
Should AAVE decline below its 200-day EMA at 242.27 USD, the price could reach 225.64 USD. Conversely, a rally above 282.84 USD may lead to higher resistance near 349.23 USD.
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