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AAVE token likely to drop toward $50 after recent price rejection at $78 signals bearish trend.

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

Aave (AAVE) saw a 34.86% bounce earlier in June but recent price action indicates a bearish continuation. The token dropped 5.74% in 24 hours with rising trading volume and declining open interest, signaling selling pressure. Key resistance at $78 was tested and rejected, suggesting a move down to around $50 is likely in the coming weeks. Despite some optimistic forecasts, the long-term trend and technical indicators favor further declines for AAVE.

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