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AAVE’s gains face market resistance – What’s next for the crypto?

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Discover why AAVE's recent gains may be short-lived, including insights on market resistance and increasing exchange supply.

AAVE has recently posted gains that place it among the market’s top performers, but this momentum may be short-lived.market performance has been outstanding recently. It has surged by 32.08% in the past month, outstripping many other tokens. This positive trend extends over the weekly timeframe as well, with a gain of 16.42%.

AMBCrypto’s analysis revealed that AAVE’s recent rally was triggered by its rebound from the midline of a major support level at $138.16. Should the support level break, AAVE’s price could likely decline further, potentially falling as low as $123.18, especially with intensified selling pressure.showed an increase in exchange supply over the last 24 hours, with 2.5 million AAVE now available across multiple cryptocurrency exchanges.

 

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