Aave retreats sharply as the lending protocol sector experiences broad-based selling pressure.
What's Happening:
$AAVE falls 4.81% to $194.20 amid DeFi sector weakness
Lending TVL remains elevated despite token price decline
Protocol revenue continues flowing to token holders
Competition from new lending protocols intensifying
Why It Matters: Aave's correction is more severe than the broader market, reflecting DeFi's higher beta nature. However, the protocol's position as the dominant decentralized lending platform means fundamental usage continues regardless of token price. The fee switch revenue sharing provides real yield backing for holders.
Technical View: AAVE broke below $200 support convincingly and is testing $189 as the next level. Resistance has shifted to $207. The $185-$210 range will likely define the consolidation period. $185 is critical support.
🎯 Key Levels:
Support: $189 | Resistance: $207
24h Range: $189.36 - $206.82
💡 DeFi blue chips with real revenue will lead the next rally - AAVE's fundamentals support patience
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Aave #AAVE #DeFi #Lending #CryptoYield
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
