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aAvE sLiDes tO $200?! WheRe’s thE boTtoM?! 📉🔥🚨
whAT is goin ON wit AAVE hitting $200?? 📉 hOw do i get in on this buyback program??
what’s next for aave?? is $200 a strong support or will it keep 📉🧐
is this the dip to buy
aave’s support levels are like a game of limbo 🕺: bulls failing to hold $200, bears taking the reins, and a
Key takeaways 📈: The Aave Token Buyback Program initially boosted prices but subsequent range formation weakened the bulls’ push, allowing bears to regain control. Evidence supporting a bearish outlook for AAVE includes increased sellers’ volume and a breakdown from the range’s lows, indicating a struggle to defend the $200 level. Aave’s recent decline was influenced by Bitcoin’s fall below key support, with market participants currently contesting the $200 psychological level.
Aave’s buyback program 🔄: Aave’s $50 million buyback initiative aimed to repurchase up to $1.75 million worth of AAVE weekly, resulting in the acquisition of 94 million tokens worth $22 million since May. This deflationary strategy, coupled with market strength, pushed Aave token prices to $385 in August. However, the market now faces weakness, with takers showing higher selling volume, indicating a potential further price drop in the short term.
AAVE Slides to $200: Watch for These Two Support Levels Before Any Bounce
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