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AAVE Tops the Losers List Today – Can It Reverse the Downtrend?

  • Aave (AAVE) is currently trading at $164.90, down 6.36% in 24 hours.
  • AAVE faces resistance at $168 and support at $160. RSI at 33.00, indicating oversold conditions; CMF at -0.30, signaling weak buying pressure.
  • AAVE's short-term moving average is trending below the long-term moving average, confirming a bearish outlook. The price must sustain above key levels for a trend reversal.
  • If buying pressure increases, the price could rebound from support levels. Traders should monitor RSI, CMF, and price action for confirmation of the next move.

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