CandleFocus Aave whales on a selloff spree: can the altcoin survive the dump?
2024-11-05
Author: Content Editor
Aave (AAVE) has been experiencing a decline in price over the past five days, with large whales selling off their holdings. The price of Aave has fallen around 14% since the end of October, with a current price near $129. Despite a slight recovery today, Aave is struggling to regain bullish momentum. One factor contributing to the decline is the selling off of AAVE by major market players, as evidenced by large transactions to exchanges. The current price is just above the support level at $126.2, and if it drops below this, Aave could face further decline. To shift the prevailing sentiment, Aave would need to surpass the pivot level at $147.12.
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