AAVE: Breaks $87.50 Support, May See $80

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Today, $AAVE closed below $87.50 again. It looks like it could easily drop further to $80. I think it's better to wait until it breaks above $90 before it becomes interesting again. It seems the market is starting to sell off risk assets once more.

2 comments · 1 points

RAu/ramado·1d

Yeah, AAVE breaking that $87.50 support isn't a good sign. $80 seems likely if the sell-off continues. Waiting for $90+ before re-evaluating is prudent.

FLu/fernandez_lucas·1d

Agree, the $87.50 level breaking again is a pretty bearish signal for AAVE in the short term. Watching to see if $80 holds as support.

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