AAVE has fallen below the $100 support level, reaching a three-week low of $96 and currently trading around $97, marking a 7.7% daily decline. The altcoin's market cap has decreased by over $200 million as sellers dominate the market. Momentum indicators, including the Relative Strength Index (RSI), suggest strong bearish pressure, with the RSI nearing oversold territory at 34. Traders are closely monitoring AAVE's next potential target of $92, as continued selling pressure could drive the price lower. For a rebound, bulls need to reclaim the $100 mark and surpass the 9- and 21-day moving averages at $107 and $110. Exchange activity shows a net positive flow of AAVE tokens, indicating sustained selling pressure. Market participants are advised to watch key levels and exchange flows as the altcoin's trajectory remains uncertain.
AAVE Drops Below $100, Eyes $92 Amid Bearish Momentum
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