Aave (AAVE) stocks sharply fell to $288 after an unsuccessful attempt to reclaim the resistance zone of $335 earlier this week. The breakout of the ascending channel, noticeable since August 12, triggered a rapid wave of loan reductions, confirmed by net outflows of $3.3 million on August 18. The price briefly bounced off the support range of $285-$290, but the short-term momentum continues to worsen as all major EMAs (20/50/100) have flipped and started acting as dynamic resistance in the $295-$305 range.
