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Short-term Technical Analysis of AAVE: Breaks Below $170 Support Level, MACD Death Cross Widens

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AAVE
$156.0640.87%
AAVE fell below the key support level of $170 on December 22, according to Chainthink, after a 10% drop triggered by whale selling. The MACD death cross widened, signaling bearish momentum. The token is now near the neckline of a double top, with the former support level now acting as a resistance level. A retest of $170 could signal a trend reversal if it holds. Traders are watching the $150 support level for a potential double bottom pattern.
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