{"id":52032,"date":"2025-10-09T19:17:26","date_gmt":"2025-10-09T19:17:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52032"},"modified":"2025-10-09T19:17:26","modified_gmt":"2025-10-09T19:17:26","slug":"aave-plunges-below-key-support-levels-amid-broader-crypto-weakness","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52032","title":{"rendered":"AAVE Plunges Below Key Support Levels Amid Broader Crypto Weakness"},"content":{"rendered":"<div>\n<p>The governance token of the prominent decentralized lending protocol Aave (AAVE) has faced substantial selling pressure through the past 24 hours, dipping briefly below the $270 level.<\/p>\n<p>The DeFi bluechip plunged 5% in the early Thursday session, sliding nearly 10% lower since this week&#8217;s high. It has modestly recovered later in the day U.S. hours, changing hands at around $272.<\/p>\n<p>The price action occurred amid a <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/09\/bitcoin-slides-below-usd121k-as-gold-and-silver-rallies-take-breathers\">weak session for cryptocurrencies<\/a> with bitcoin on the verge of breaking below $120,000. The broad market <a href=\"https:\/\/www.coindesk.com\/index\/cd20\">CoinDesk 20 Index<\/a> was down more than 4% during the day.<\/p>\n<p>The technical picture shows bearish momentum for the DeFi major, CoinDesk Research&#8217;s analysis model suggested.<\/p>\n<p>Losing key support at $273 triggered a cascade of selling, accelerating the decline. Subsequent recovery attempts proved unsuccessful, with the failed rallies confirming sustained selling pressure, the model suggested.<\/p>\n<h5><strong>Key Technical Indicators<\/strong><\/h5>\n<ul>\n<li>Trading volume spiked to 63,651 units, substantially exceeding 24-hour average of 31,013 units.<\/li>\n<li>Technical resistance established at $280.00 level.<\/li>\n<li>Breakdown below critical support at $273.00 triggered additional algorithmic liquidation.<\/li>\n<li>Multiple recovery attempts failed, indicating sustained selling pressure.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong> <em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em> <em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em> <em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The governance token of the prominent decentralized lending protocol Aave (AAVE) has faced substantial selling pressure through the past 24 hours, dipping briefly below the $270 level. The DeFi bluechip plunged 5% in the early Thursday session, sliding nearly 10% lower since this week&#8217;s high. It has modestly recovered later in the day U.S. hours, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52032","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52032"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52032\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}