🔻 $AAVE Slips to $293 — Bounce Rejected or Just Cooling Off?
#AAVE is down -4.34% today, trading at $293.40 after briefly reclaiming the 25-day MA. The rally from $231 has lost steam near $338, and now price action looks a bit shaky. 🧐
📉 What’s playing out:
• Struggling to hold the 7-day MA ($293.36) — a key short-term support
• The 25-day MA ($303.87) has flipped into resistance
• Volume is tapering off, signaling reduced buyer momentum
• Holding above the 99-day MA ($254.08) — so macro structure isn’t broken (yet)
A daily close below $290 could trigger a sharper retrace toward the $260–$250 zone. Bulls need to reclaim $305+ quickly to keep upside hopes alive.
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