Two buyers showed up for $AAVE this week, and neither one is a chart pattern. Aave Labs bought the team behind Avon on Nov 6 to add fixed-rate lending and an onchain order book, and Kraken's parent Payward said its fund and clients bought $AAVE on the open market the day before. That is real demand meeting a real product change.
The price is responding, up about 2.2% near $132 on roughly $189M in volume, while $BTC drifts near $75,950. But zoom out and the tape is still heavy — the token is down about 25% over the past month.
I'm watching $137 first, the resistance capping this recovery. Clear it and the buyers probably get louder; fail there and the slide back toward $122 support stays on the table. Which side are you on — the builders buying in, or the downtrend winning? #Aave #DeFi #BinanceSquare
The price is responding, up about 2.2% near $132 on roughly $189M in volume, while $BTC drifts near $75,950. But zoom out and the tape is still heavy — the token is down about 25% over the past month.
I'm watching $137 first, the resistance capping this recovery. Clear it and the buyers probably get louder; fail there and the slide back toward $122 support stays on the table. Which side are you on — the builders buying in, or the downtrend winning? #Aave #DeFi #BinanceSquare