Ave market in the shock of selling 37 million big whales; Will AAVE’s $160 support last?
The indicators also indicate weakness in the short-term recovery momeum. However, data from China shows some whales are still piling on and exchanges have reduced inveory, which could reduce immediate selling pressure.
Institutional investors are also still ierested in Ave; For example, Multicoin Capital bought about $20 million in Ave earlier this moh.
According to analysts, closing the daily candle below $160 could pave the way for a drop to the $145-$150 range.
On the other hand, the accumulation of whales and the reduction of stock exchanges increase the probability of a short-term return to $170-165.
