$AAVE ran from $89 to $91.30 looking strong, then got smacked right back down to $88.15 on heavy volume before recovering to $89.22.
That drop off the top was sharp — biggest volume bar on the whole chart is right on that dump. Looks like profit-taking kicked in hard once it tagged resistance. Still, it's holding above the recent range low and basically flat on the day now, -0.42%.
$91 is the level bulls need to reclaim to invalidate that rejection. $88.15 is the spot that needs to hold or this turns into a deeper pullback.
Was that just a shakeout before another push up, or the start of a real reversal?
#AAVE