Market Alert: $52.9K $AAVE Shorts Liquidated at $203.73
AAVE's bullish momentum has intensified, resulting in the liquidation of $52,900 in short positions at $203.73.
The move underscores growing demand and marks a key inflection point as $AAVE breaks through critical resistance levels.
Key Insights:
Short Liquidation Impact:
This liquidation highlights a short squeeze, where mounting buy pressure forced traders betting against AAVE to close their positions.
Bullish Sentiment:
The rally reflects renewed investor confidence, possibly driven by broader market trends or developments in the DeFi ecosystem.
Outlook Ahead:
If $AAVE sustains this momentum, the next target could be higher resistance zones, though a pullback is possible as traders lock in profits.
AAVE is surging—will the bulls maintain control, or will volatility make a comeback?
Stay strategic and watch the $203 level closely.