Aave Token May Face Further 15% Drop Amid Bearish Indicators Post-Buyback
The post Aave Token May Face Further 15% Drop Amid Bearish Indicators Post-Buyback appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Aave (AAVE) prices are poised for a potential 15% decline, trading around the $200 psychological level amid bearish market pressures. The recent $50 million buyback program has provided some support, but increased seller dominance and range breakdowns indicate further downside to $170. Aave’s buyback initiative repurchased over 94 million tokens worth $22 million since May, aiming to reduce supply and boost confidence. The token rallied to $385 in August due to DeFi strength but has since faced prolonged weakness tied to Bitcoin’s slump. Current taker sell volume exceeds buys by a ratio of 0. 918, supporting a bearish outlook with next supports at $170 and $141. Discover how Aave’s token buyback program impacts price amid market volatility. AAVE faces bearish pressures despite deflationary efforts-stay informed on DeFi trends and predictions. What is the impact of Aave’s $50 million token buyback program? Aave’s $50 million token buyback program represents a strategic move to enhance token value through supply reduction, with weekly repurchases up to $1. 75 million based on protocol revenues. Launched as a pilot in May, it has already acquired 94.