$AAVE Long Liquidation Alert

Coin: $AAVE

Liquidation Value: $1.3781K

Price Level: $344.52

Here’s a detailed analysis of this AAVE liquidation event:

Price Action: AAVE fell below a key support level of $345, triggering a long liquidation of $1.3781K at $344.52. This decline suggests weakening bullish momentum as selling pressure intensifies.

Volume Spike: Trading volume surged by 14%, indicating increased activity during the price drop. The move reflects uncertainty among buyers and dominance by sellers in the short term.

Market Sentiment: Sentiment has shifted bearish, with traders now focusing on the next support at $340. Reclaiming $345 is essential for bulls to re-establish upward momentum.

Opportunity for Traders:

AAVE may find support around $344, offering a buy-the-dip opportunity, targeting $348 and $350.

However, if it breaches $344 decisively, it could trigger a further drop toward $340.

Key Insight: The liquidation highlights fragility in the bullish camp, with the $344-$345 zone becoming critical for determining the next market direction.

Price Targets:

Upside Potential: Recovery to $348 - $350

Risk Zone: Below $344, potential drop toward $340

Monitor AAVE closely for any signs of stabilization or continuation of the bearish trend!

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