Aave (AAVE) Crypto Showcases Notable Correction, But What Does the Data Say?-web3.0-php.cn

In the last two weeks, AAVE crypto showcased a notable correction from $148.7 to the $117.8 support, registering a loss 20%.

Aave (AAVE) Crypto Showcases Notable Correction, But What Does the Data Say?

AAVE crypto price displayed a significant price movement over the past few months. The price showcased a massive recovery from the lower support at $80. AAVE managed to climb nearly 70% from the mentioned support.

The price is currently displaying a separate price action from the rest of the market. As other cryptos struggle to stabilize, AAVE price is seen making a notable move up the daily chart.

AAVE crypto follows a separate price action and is less likely to tend to BTC’s price movement and sentiment. This is due to a lesser correlation to BTC, which was at 0.49.

Moreover, AAVE supply on exchanges has declined since Q3’s beginning. This indicates that investors are withdrawing AAVE from exchanges. This suggests a shift from selling to holding strategies for AAVE.

At the current price level of AAVE at $117.8, data from IntoTheBlock showcases that nearly 57.47% of the total holders are in green. In contrast,38.18% of the holders are in red with 4.36% in breakeven.

Large holders’ concentration is 80%, out of which 59.48% are whales, and 20.44% are investors. Number of holders’ addresses have increased seamlessly, showcasing demand. The retail holding is a minimum of 20.07%.

Highlighting the transactions, the transactions greater than $100K surged, and in the past 7 days, nearly $296.44 Million worth of transactions were completed.

AAVE crypto price is displaying strength in its price action as it managed to climb over 70% from the lower demand zone and is continuing to rise slowly. Now, let’s have a glance at the technical analysis of AAVE crypto.

AAVE Crypto Technical Analysis

The price is up over 70% from the lower demand zone, and now, let’s have a glance at the technical analysis of AAVE crypto. AAVE crypto price managed to climb slowly but surely from the mentioned support. Now, let’s glance at the technical analysis of AAVE crypto.

AAVE crypto

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