AAVE Price Slides After Failing to Break $100 Resistance

AAVE traders are feeling the heat today as the token dropped 11 percent. The price could not break past the key $100 resistance mark. This failed attempt to move higher triggered a wave of selling pressure that has pushed the token back toward its lower range.

For much of July, the price stayed in a predictable pattern between $88 and $100. This recent drop signals that buyers lost their momentum at the top of that range. Now, all eyes are on whether the price can hold steady at the $88 support level.

Market watchers should pay close attention to the next few days. If $88 fails to hold as a floor, we could see more downside. A bounce from this level would suggest the recent correction is just a temporary dip rather than a complete reversal.