{"id":536684,"date":"2023-06-06T22:30:41","date_gmt":"2023-06-06T22:30:41","guid":{"rendered":"https:\/\/wncen.com\/?p=536684"},"modified":"2024-06-11T14:37:21","modified_gmt":"2024-06-11T14:37:21","slug":"aave-extends-losses-but-here-are-the-short-selling-targets","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/aave-extends-losses-but-here-are-the-short-selling-targets\/","title":{"rendered":"Aave Extends Losses But Here Are The Short Selling Targets"},"content":{"rendered":"
After experiencing a promising start to the year, AAVE faced a setback when it encountered resistance at the $92 level, resulting in a 34% correction over a two-month period. The recent blow to the crypto market caused by the SEC suing Binance has further impacted the altcoin’s performance.<\/p>\n
In the past 24 hours, AAVE has lost 3% of its value, and on the weekly chart, the coin has seen a significant plunge of nearly 12%. Technical indicators suggest the presence of considerable bearish pressure, with both demand and accumulation declining.<\/p>\n