- Aave has dropped by 10% over the last 24 hours, showing strong bear control.
- Data on the chain shows an increase in net spills and a surge in intraday volume, indicating panic sales by traders.
- The $265-250 range is important and could be further reduced if support fails.
Aave, the leading decentralized finance token, has dropped its price to $250 as the cryptocurrency market experiences significant price fluctuations.
Increased bearish momentum puts sales pressure on Bitcoin and Ethereum at key levels.
Aave Price slides to $250
Aave’s price has dropped sharply to $250, falling below its key support zone of $270 to $265, marking a massive setback of nearly $300 from its recent high.
Tokens are currently well below the main exponential moving average, down 25% over the past 30 days.
On-chain data reveals significant leaks, with Netflows showing $11.26 million in exchange movement.
This kind of outlook shows panic-driven sales among traders.
For Aave, an immediate support range of $245-250 is important, and if this level isn’t maintained, there’s a $229 chance of sliding more.
Despite the launch of Aave’s V4 upgrade, which introduces a cross-chain hub-and-spoke design, The Token is struggling to maintain its bullish momentum.
Trading volume has increased 159% to $593 million over the past 24 hours. Volume is rising, but the decline in prices reflects a decline in retail profits.
As the bearish momentum deepens, the price of Aave will drop
Deepening the bearish momentum in Aave’s price action reflects the wider market challenges and technological disruption.
The relative strength index has fallen to 20.9, and although an immediate reversal has not been achieved, it shows conditions that are highly sold.
Aave’s market capitalization fell to around $3.9 billion, reflecting its inadequate performance compared to other Defi Tokens.
The crypto market has experienced a set-off with a decline in expectations for a reduction in the Federal Reserve, which attenuates demand for risky assets.
Larger holders have cut positions, wallets hold between 100,000 and 1 million Aaves, with some analysts suggesting that a sold-out RSI could cause a short-term relief rally.
As Aave risks testing a support level of $2,220, if sales pressure continues, if sales pressure continues, if sales pressure continues, a close perspective will remain negative.
Aave Bulls last saw these levels in early June 2025.
Wideer market outlook
The decline in Bitcoin and Ethereum highlighted the sharp descent of most ALTs.
Some of the top coins by market capitalization, such as Solana, XRP and Dogecoin, have flowed recent profits.
Aave’s decline to $250 and Mount’s bearish momentum underscored wider pressure on crypto and other risky assets after a sharp profit in recent months.
Defi Tokens, which has surged to hit highs along the Ethereum run, faces new sales pressure in the current environment.
Analysts warn that September can see even more downsides, hoping for a deeper pullback if emotions continue to sour.