🔴 $AAVE Long Liquidation: $6.0819K at $89.572

A sharp long liquidation has swept through the $AAVE market, forcing overleveraged positions to close near $89.57. Events like this often increase volatility as leveraged traders exit, allowing stronger hands to determine the next direction. If buyers successfully defend the current support zone, this reset could create room for a recovery. A failure to hold support, however, may invite another wave of selling before a clearer trend emerges.

Support: $88.50–89.00

Resistance: $92.50–94.00

Next Target 🎯: $96.00, followed by $100.00 if bullish momentum strengthens.

Pro Tip:

Liquidations show where leverage was forced out—they do not guarantee the next price move. Wait for confirmation through rising volume and a decisive break above resistance or a strong bounce from support before entering a trade. Risk management is more important than reacting to a single liquidation event.$AAVE #Visa expands stablecoin payments #Coldcard wallet seed vulnerability exploited #XRPL expands institutional infrastructure #Fed rate decision uncertainty #CLARITY Act procedural delay