🔻 Featured altcoin: $AAVE drops sharply despite recent platform upgrade
Aave (AAVE) fell 10.25% in 24 hours to around $111.4 — one of the steepest declines among the top 100 coins, despite being the largest DeFi lending protocol on the market.
The paradox is that the price is falling even though the platform just received good news. Aave Labs has completed the V3.8 upgrade across 15 V3 markets, approved by the DAO and audited by Certora. It adds a new layer of protection against reentrancy attacks (EIP-1153). Aave’s total value locked (TVL) has surpassed $16.4 billion.
Over the past 30 days, AAVE has fallen nearly 29%. An analyst on X says the $91–$120 range is one they have been watching since mid-October, with support near $111.4 and resistance around $120.8.
The broader market remains gloomy: BTC is around $73,000, only 14 of the top 100 coins are up, and the Fear & Greed Index is at 28 (Fear).
Do you think AAVE is undervalued by the market, or will the decline continue? 👇
#CryptoNews #AAVE #DeFi #Bitcoin
📌 This is market information, not investment advice.
Aave (AAVE) fell 10.25% in 24 hours to around $111.4 — one of the steepest declines among the top 100 coins, despite being the largest DeFi lending protocol on the market.
The paradox is that the price is falling even though the platform just received good news. Aave Labs has completed the V3.8 upgrade across 15 V3 markets, approved by the DAO and audited by Certora. It adds a new layer of protection against reentrancy attacks (EIP-1153). Aave’s total value locked (TVL) has surpassed $16.4 billion.
Over the past 30 days, AAVE has fallen nearly 29%. An analyst on X says the $91–$120 range is one they have been watching since mid-October, with support near $111.4 and resistance around $120.8.
The broader market remains gloomy: BTC is around $73,000, only 14 of the top 100 coins are up, and the Fear & Greed Index is at 28 (Fear).
Do you think AAVE is undervalued by the market, or will the decline continue? 👇
#CryptoNews #AAVE #DeFi #Bitcoin
📌 This is market information, not investment advice.
