AAVE faces declines but eyes a key demand zone for recovery, as retail selling rises and long-term holders signal bullish sentiment
Technical chart data indicates that AAVE’s next target lies within a demand zone at a lower price level.has recently struggled to make notable gains. Over the past week, the token has lost 14.01%, and it has continued on this downward trajectory, shedding an additional 11.89% in the last 24 hours.
At the time of writing, this potential demand zone is projected to fall between $135.34 and $116.21, as marked on the chart.If this level holds, AAVE may chart a path back to its previous high, potentially reaching the $200 mark. Further market momentum could support the asset’s movement toward even higher levels.The recent decline in AAVE’s market value has been largely driven by retail traders actively selling the asset.
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