Aave price analysis: AVAX advances upwards at $76.29 after bullish movement

Aave price analysis shows that the price is currently in a bullish trend as it has broken out of the descending triangle formation. The next level of resistance is at $76.34, and if the price can sustain its current momentum, it is likely to test this level in the near future.

Timeline of Aave, Avalanche

Recent Avalanche price analysis shows that the bears have forced AVAX into a short-term downswing. The price is currently trading at $16.81 and it looks like it may continue to fall further in the near term.

Aave [AAVE] has been on the receiving end of a large amount of whale interest since the past few months. Multiple collaborations in the DeFi and banking sector could be the reason for this new-found interest.

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A crypto trader on GMX exchange leveraged the zero slippage feature to extract over $565,000 in profit by manipulating the price of the AVAX token. The post Crypto trader exploits GMX, manipulates AVAX price to remove $565K appeared first on CryptoSlate.

Decentralized exchange GMX suffered a price manipulation on the AVAX/USD pair, resulting in losses of $565,000.  AVAX/USD Pair Exploited  As per a tweet on Sunday by security firm PeckShield, the exchange was attacked by a price manipulation exploit worth around $565,000 on the AVAX/USD pair.

Aave price analysis reveals that the price has been downward since yesterday, as the bears have successfully taken the lead. Today's downturn was also apparent, with the price dropping to $72.15 as the bears recovered their power.

The introduction of Decentralized Finance into blockchain technology has eliminated a lot of issues and solved more problems. For example, the involvement of a third party during transactions has been eliminated by the use of smart contracts.

Today marks a bearish day for Avalanche price analysis as the price went all the way down to $16.79 from yesterday's closing price of $18.47. AVAX/USD is undergoing significant volatility today and is following the overall sentiment of the market.

Amidst the gloom and doom of the bear market, one crypto project has emerged as a beacon of optimism and excitement for the entire sector. The latest meme coin to hit the cryptocurrency market is Big Eyes Coin (BIG), and it's utilizing its adorable logo and brand name to win over industry giants.

AAVE just concluded a bearish week alongside most of the market's top cryptocurrencies. Despite this outcome, however, it is still currently one of the top candidates for the bulls as the market enters a new week.