Markets· ★★· bearish·

AAVE drops 9.15% to $134.78, tests key support levels

  • —Price at $134.78 with an intraday low of $134.18, below SMA-5 through SMA-50
  • —Volume of $231.2 million is 29.31% below the 30-day average
  • —RSI at 35.1, stochastic at 1.6, MACD histogram at -3.53
  • —Token still holds above SMA-90 at $129.67 and SMA-200 at $106.55
Why it matters: A break below the $129.67 SMA-90 would reinforce the bearish case, while reclaiming the $142.47 VWAP would be the first sign of a recovery.
Source: DiarioBitcoin