AAVE Tests 200-Week EMA as Burn Talk Meets Rising Exchange Supply
- —AAVE flipped its 20-week and 50-week EMAs and is testing the 200-week EMA
- —Exchange balances rose 12% from Sept. 16 to Sept. 28, adding 146,000 coins
- —Exchange supply hit a 60-day high while the price gained 24%
- —Burn is under discussion, but no proposal, ratio or timeline has been published
Why it matters: A break of the 200-week EMA could open the way to $240–340, but rising exchange supply does not yet point to a supply squeeze.
Source: Coinpedia