The spot price broke below the sideways trading range as aggressive selling increased, indicating that the previous consolidation zone has been decisively breached.
Spot $AAVE moved out of the consolidation range that had held for the previous four hours, closing below the range’s lower boundary of $127.58.
During the decline, trading volume rose to 3.5 times its previous average, while aggressive buying accounted for only about 34%.
The dominance of aggressive sellers suggests that holders in the market are quickly exiting at market prices. After breaking out of the previous range, supply and demand still need to find a new balance.
Spot $AAVE moved out of the consolidation range that had held for the previous four hours, closing below the range’s lower boundary of $127.58.
During the decline, trading volume rose to 3.5 times its previous average, while aggressive buying accounted for only about 34%.
The dominance of aggressive sellers suggests that holders in the market are quickly exiting at market prices. After breaking out of the previous range, supply and demand still need to find a new balance.