【See Drop】
AAVE is currently quoted at 116.45, down 6.45% over the past 24 hours. It is still down 7.65% over 7 days. The intraday range is 113.19–124.48, with a 10.0% amplitude.
【Market View】
AAVE is down 6.45% over the past 24 hours. After rebounding toward 124.48, it was pushed back down again, as there is a high density of trapped-sell orders overhead.
The rebound came with reduced volume, while the decline saw increased volume—volume-and-price structure is bearish.
Meanwhile, the broader market is down 0.61% in the same period, but AAVE is down 6.45%, underperforming the market’s average level.
In the short term, the bias is bearish.
【Bearish Rationale】
The 6.45% drop over the last 24 hours is right here—near-term, bears are in the dominant position.
Price is trading close to 113.19; at this level, the balance between bulls and bears clearly favors the sellers.
The risk is that after overselling, a technical rebound could happen at any time, so any short position should also set a stop-loss.
In terms of action, treat 124.48 as the rebound resistance level, and 113.19 as the next observation point.
$AAVE #AAVE
AAVE is currently quoted at 116.45, down 6.45% over the past 24 hours. It is still down 7.65% over 7 days. The intraday range is 113.19–124.48, with a 10.0% amplitude.
【Market View】
AAVE is down 6.45% over the past 24 hours. After rebounding toward 124.48, it was pushed back down again, as there is a high density of trapped-sell orders overhead.
The rebound came with reduced volume, while the decline saw increased volume—volume-and-price structure is bearish.
Meanwhile, the broader market is down 0.61% in the same period, but AAVE is down 6.45%, underperforming the market’s average level.
In the short term, the bias is bearish.
【Bearish Rationale】
The 6.45% drop over the last 24 hours is right here—near-term, bears are in the dominant position.
Price is trading close to 113.19; at this level, the balance between bulls and bears clearly favors the sellers.
The risk is that after overselling, a technical rebound could happen at any time, so any short position should also set a stop-loss.
In terms of action, treat 124.48 as the rebound resistance level, and 113.19 as the next observation point.
$AAVE #AAVE
