AAVE turns bullish, but traders are cautious – what’s next?

AAVE increased by 5.20% this week to 250.83 USD, with support at 243.50 USD and resistance around 260 USD. Although large transactions decreased, trading volumes rose by 29.42% to 499.94 million USD.

Sentiment remains cautious, reflecting a balance of 137 bulls to 142 bears, while AAVE’s open interest dropped by 2.21% to 213.97 million USD, indicating reduced participation in derivatives.

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