AAVE Down 13% Weekly: Here’s the Key Bounce Zone

TL;DR

• AAVE eyes $270 support after a sharp pullback, aligning with key Fibonacci and volume levels.
• RSI drops to 44.12, suggesting weakening momentum as the price nears lower Bollinger Band support.
• Aave leads DeFi growth, adding $15B TVL and preparing new launch on Kraken’s Ink chain.

AAVE Price Approaches Potential Support

Aave (AAVE) is trading around $284 after a painful drop over the last week. The token has lost more than 13% in that time and is down nearly 6% in the past 24 hours. Volume remains high, with over $790 million traded in a day.