Aave (AAVE) has slipped below the $200 mark as bearish market conditions persist, despite a $50 million buyback program initiated in May. The program has repurchased over $22 million worth of tokens, yet AAVE continues to face downward pressure following a broader market decline. The recent drop in Bitcoin prices below $108,000 on November 3 has exacerbated the situation, leading to a sharp decline in AAVE's value. Technical indicators, including a bearish moving average crossover and a Long/Short Ratio of 0.918, point to potential further declines. Traders are closely monitoring the $170 and $141 support levels for any signs of stabilization or reversal.