$AAVE
AAVE Under Bearish Pressure 📉⚠️ | Sellers Take the Wheel 🐻🔻
AAVE is facing strong headwinds 🌪️📊 as the market sentiment tilts toward the bears. After several failed breakout attempts 🛑📈, the DeFi giant has slipped below critical support zones 📏🛡️, signaling that sellers are firmly in control for now.
📊 The bearish market setup is clear — lower highs, persistent sell volume 💥📦, and candles closing below key moving averages. Such price action reflects a lack of bullish conviction and hints that any rebounds may be short-lived in the current climate.
💼 Technical indicators are leaning bearish. RSI is dropping toward 40 🎯🔻, showing weakening buying pressure, while MACD is aligned in a bearish crossover 🔄🔴. Moving averages are beginning to slope downward, a configuration often linked with extended downtrends.
On-chain activity supports this caution. Exchange inflows are rising 📈🏦, meaning more AAVE tokens are being moved from private wallets 🔐👛 into centralized platforms — a common sign of looming sell-offs. Whale wallets 🐋📉 have been offloading, a distribution pattern previously seen before major