AAVE has experienced a significant decline, dropping 20.52% over the last month. Analysts are predicting a further decline to 203 USD due to increased selling pressure. Currently, AAVE is trading at 282 USD, showing a decrease of 2.61% for the day. The market sentiment remains negative, indicating continued challenges.

The TD Sequential Indicator has shown a sell signal, suggesting a continued decline in momentum. AAVE’s Relative Strength Index (RSI) is at 41, confirming strong selling pressure. Additionally, the Advance Decline Ratio (ADR) is at 0.31, highlighting more losses than gains. These factors all suggest a bearish outlook for AAVE.

AAVE’s NVT Ratio has spiked to 1124, indicating it is overvalued relative to its transaction activity. This, along with a negative DAA Divergence, shows declining network usage. The market signals suggest a correction may be due for AAVE to meet actual market demands, reflecting ongoing bearish sentiment in the market.