Aave (AAVE) has experienced a 13.34% decline over the past week, driven by a governance dispute between Aave Labs and the DAO concerning fee revenue. This conflict has contributed to increased market uncertainty, as reflected in the fear and greed index.
On-chain analysis indicates a bearish trend, with resistance levels identified at $166–$175 and $171.85–$187.58 on the 3-day and 4-hour charts. Traders are closely monitoring these levels for potential shorting opportunities, while a break above $187 could signal a trend reversal.
Aave Drops 13% Amid Governance Dispute with DAO
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