Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

AAVE drops 12%, breaks key support, but buyers hold amid heavy selling pressure.

Technical Signals
07 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

AAVE experienced a sharp 12% decline to around $61.12, breaking below a critical support level at $87.60 and deepening its downtrend. Despite increased trading volume and heavy selling pressure, buyers remained active, absorbing much of the supply, though price continued to fall. The asset is now oversold with RSI at 27.50, suggesting potential for a short-term rebound if buyers maintain strength. However, failure to hold could push AAVE toward the next support near $50, while overhead liquidity clusters between $64 and $70 may act as resistance if a recovery attempt occurs.

More News (AAVE)

Babylon's BABY token jumps 53% after Upbit listing sparks huge trading volume.

Babylon's BABY token jumps 53% after Upbit listing sparks huge trading volume.

Babylon's BABY token surged 52.7% following its listing on South Korea's largest exchange, Upbit, which led to a trading volume spike between $100 million and $250 million in 24 hours. The token enables Bitcoin staking directly on the Bitcoin blockch...

Market News
Bullish
14 hours ago
Cryptocurrency prices drop sharply, with Bitcoin down over 4% and Ethereum nearly 10%.

Cryptocurrency prices drop sharply, with Bitcoin down over 4% and Ethereum nearly 10%.

Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off refl...

Market News
Bearish
1 day ago
Spark hits $12.6B TVL across savings, lending, and liquidity in May 2026, showing strong DeFi growth.

Spark hits $12.6B TVL across savings, lending, and liquidity in May 2026, showing strong DeFi growth.

In May 2026, Spark Protocol, part of the Sky ecosystem, reported a total value locked (TVL) of $12.6 billion across its three main products: $6.4 billion in Savings TVL, $3.6 billion in SparkLend lending, and $2.6 billion in its Spark Liquidity Layer...

Protocol Fundamentals
Bullish
2 days ago
Aave restores full liquidity after $300M exploit using emergency fund and court order.

Aave restores full liquidity after $300M exploit using emergency fund and court order.

Aave, a decentralized finance protocol, has fully restored liquidity to its lending pools after a $300 million cross-chain exploit drained assets. The attacker minted fake tokens and used them as collateral to borrow large amounts of Ethereum-based a...

Market News
Bullish
3 days ago
Major cryptocurrencies including Bitcoin and Ethereum drop over 4% amid market sell-off.

Major cryptocurrencies including Bitcoin and Ethereum drop over 4% amid market sell-off.

Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...

Technical Signals
Bearish
4 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App