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AAVE Might Be Ready for a Bullish Pivot if These Observations Culminate

Aave’s [AAVE] performance this week indicated a continuation of the bearish trend that started last week. So far, the coin has failed to secure enough buying pressure to recover November losses. But it is not all doom and gloom, now that ETH whales have increased their demand.

WhaleStats revealed that AAVE was one of the top 10 most-purchased tokens among the 500 biggest ETH whales in the last 24 hours.

AAVE’s $60.16 press time price represented a slight premium from its $58.25 low in the last 24 hours. This confirmed that there was indeed some bullish pressure coming into the market. But was it enough to support more upside?

(by Michael Nderitu)

Aave Aave $183.24
+11.78%
AAVE
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