DeFi token AAVE faces major correction after soaring 100% in a month
Cointelegraph
Published Jul 15, 2022 09:53AM ET
Updated Jul 16, 2022 12:00PM ET
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.
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Written By: Cointelegraph
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