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Cryptocurrency News

DeFi token AAVE faces major correction after soaring 100% in a month

07/16/2022

Less than a minute

2022.07.16 06:30

DeFi token AAVE faces major correction after soaring 100% in a month

The price of Aave (AAVE) has more than doubled in a month, but its bullish momentum could be reaching a point of exhaustion.

Notably, AAVE has surged by over 103% after bottoming out locally at $45.60 on June 18, hitting almost $95.50 this July 15. Nevertheless, the token’s sharp upside retracement move has brought its price closer to the level that triggered equally sharp pullbacks since early June.