$AAVE After topping out, take a breather downward
Spot is about 179
Down about −3% for the day
The day high is still 185
The low was tapped around 176
Trading volume is about 33.5 million USD
Yesterday they were still talking about touching this year’s high
Today first give back a portion of the gains
V4 deposits are over 1 billion
The buyback / foundation narrative is still ongoing
That doesn’t mean you can still chase the price up
Pullbacks from the yearly high are totally normal
First see who can hold up 176–185
If nobody can, treat it as DeFi overheated and filling back in
#spot #AAVE #DeFi
Spot is about 179
Down about −3% for the day
The day high is still 185
The low was tapped around 176
Trading volume is about 33.5 million USD
Yesterday they were still talking about touching this year’s high
Today first give back a portion of the gains
V4 deposits are over 1 billion
The buyback / foundation narrative is still ongoing
That doesn’t mean you can still chase the price up
Pullbacks from the yearly high are totally normal
First see who can hold up 176–185
If nobody can, treat it as DeFi overheated and filling back in
#spot #AAVE #DeFi