AAVE Confirmed a Larger Decline on The Daily Chart

AAVE Confirmed a Larger Decline on The Daily Chart

On the Daily Chart we can see that AAVE has broken below the Ascending Channel Pattern, indicating weakness.

The sellers are now in control and further declines are possible. It may also make a small correction until the price realizes that AAVE is preparing for a downward move.

First Target: 226.50
Second Target: 161.00

If the downward momentum continues, the price could head towards these support areas and possibly even lower.

You may find more details in the chart!
Thank you and Good Luck!

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