Citing BitJie Wang, a major whale sold over 230,000 AAVE tokens, triggering a nearly 10% price drop within hours. The price is now testing a key trendline near $160–$162. A hold above this level could stabilize the price, while a break below may lead to a drop toward $140–$130. The sell-off was rapid and aggressive, with trading volume surging over 220%, indicating a concentrated dump rather than routine profit-taking. On-chain data suggests the whale timed the sale precisely, likely at a loss, amid weak retail sentiment. AAVE is now at a critical level on the weekly chart, with the $160–$162 area serving as a decision point. A rebound to $180–$200 is possible if buyers step in, but a breakdown could open the door to lower support levels.
AAVE Price Drops Nearly 10% After Whale Sell-Off
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Summary
AAVE price movement dropped nearly 10% after a whale sold over 230,000 tokens, pushing the price toward $160–$162. Price analysis shows a hold above this level could stabilize the asset, while a break below may send it to $140–$130. Trading volume surged 220%, signaling a concentrated sell-off. On-chain data suggests the whale timed the move precisely, likely at a loss. AAVE now sits at a key weekly level, with a rebound to $180–$200 possible if buyers step in.
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