$Aave (AAVE)#Binanceholdermmt

Aave is the only major token this week that has actually corrected, down 14.84% and trading around US$160. This decline is in contrast to the general market rally. Despite weakening recently, AAVE could attempt to recover as investors reassess fundamentals and governance developments going forward.

Potential triggers come from the announcement of Phase 1 voting by Aave regarding the alignment of AAVE tokens. This proposal aims to place control of Aave's brand assets under a DAO structure with anti-capture protection. If supported, this governance change could enhance trust and lift AAVE past US$164, even targeting a stronger recovery to US$180.

The risk of decline remains if investor support does not occur. Continued doubts could amplify selling pressure. In that scenario, AAVE might drop below support at US$157. A deeper decline to the range of US$150 would nullify the bullish projection and strengthen short-term bearish sentiment.