$AAVE Answers: The two scenarios I wrote at 8:00 this morning (Beijing). Now we’re on the first one.
At the time, it said: standing on 176.3 (9/29 high) means the market is willing to price in the sell/burn in advance.
Today at noon in Beijing, AAVE surged to 187.5; now it’s around 183. In the past 24 hours it’s up about 11%, and Binance spot trading volume is roughly $59 million.
But the premise hasn’t changed: for Aavenomics 3.0’s burn, the timing and scale have still not been officially confirmed.
New levels: 187.5 is today’s high. If it pulls back, 176.3 turns from resistance into the first support. Below that is the 10/1 low at 158.5.
Scenario 1: Hold above 176, and the rumor is still being priced in. Scenario 2: Drop back below 176—this stretch today is just a blow-off move upward.
Rumor-driven markets can rise fast, and with just one official line they can also drop fast—don’t increase your position size.
$AAVE
At the time, it said: standing on 176.3 (9/29 high) means the market is willing to price in the sell/burn in advance.
Today at noon in Beijing, AAVE surged to 187.5; now it’s around 183. In the past 24 hours it’s up about 11%, and Binance spot trading volume is roughly $59 million.
But the premise hasn’t changed: for Aavenomics 3.0’s burn, the timing and scale have still not been officially confirmed.
New levels: 187.5 is today’s high. If it pulls back, 176.3 turns from resistance into the first support. Below that is the 10/1 low at 158.5.
Scenario 1: Hold above 176, and the rumor is still being priced in. Scenario 2: Drop back below 176—this stretch today is just a blow-off move upward.
Rumor-driven markets can rise fast, and with just one official line they can also drop fast—don’t increase your position size.
$AAVE