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$AAVE UNDER PRESSURE — COULD THE BINANCE HACK CONTROVERSY TRIGGER MORE SELLING?
AAVE is facing attention after reports that wallets linked to the suspected Binance hack deposited flagged tokens as collateral and borrowed
$ETH .
Now the big question: could AAVE face additional risk if those collateral assets become unusable or cannot be recovered?
📊 AAVE market snapshot:
Current price: $125.02
24H change: -3.86%
24H high: $137.94
24H low: $115.00
📉 Daily chart outlook: AAVE has fallen sharply from the $187.88 peak. The recent bounce from $115 is worth watching, but the broader daily structure remains weak.
🎯 SHORT levels to watch:
Resistance: $125–$130
Higher resistance: $137.94
Support: $115
Bearish confirmation: A rejection near resistance or a breakdown below $115
💡 My strategy: I'm watching for a weak bounce and bearish confirmation before considering a SHORT. I won't chase the move.
⚠️ The reported collateral activity does not prove AAVE has suffered a loss. The actual protocol exposure and recovery outcome need confirmation.
Could AAVE become another victim of the Binance hack fallout, or will buyers defend $115?
#DeFi: #BinanceSquareTalks #CryptoSecurityResponse #CryptoTrading. #ShortSetup