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AAVE Drops 8% Amid Crypto Weakness Despite RWA DeFi Momentum

AAVE's price fell 8% to $211 due to heavy institutional selling and breaking of key support levels, despite a broader rally in the crypto market. Earlier in the week, the token was priced at $248 but experienced a drop exceeding 16% as it headed towards $208, showing a bearish trend with consecutive lower highs and lower lows. Trading activity increased 40% above the seven-day average. This price decline occurred even though AAVE's institutional lending arm, Horizon, reported growth surpassing $450 million within two months of its launch. AAVE's price struggle is highlighted by its underperformance against the CoinDesk 5 Index, which witnessed a nearly 4% decline. The analysis indicates potential continued risk of breakdown for AAVE, especially after failure to hold the critical support at $211, with significant volume spikes during recent selling waves. Technical resistance is noted at $235, complicating recovery attempts as traders assess risk moving forward.

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CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6% as Nearly All Assets Rise

The latest CoinDesk 20 performance update highlights significant rises in the cryptocurrency market, with Uniswap (UNI) leading the pack by surging 16.6%. Nearly all major assets experienced gains, with a few exceptions. Hedera (HBAR) performed strongly as well, increasing by 9.9%. At the time of reporting, the CoinDesk

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6%

In a significant market update, Uniswap (UNI) has experienced a remarkable surge of 16.6%, contributing to an overall positive trend where nearly all assets have risen. The CoinDesk 20 Index shows a 4.7% increase, now trading at 3513.1, following the weekend trading period. Alongside Uniswap, Hedera (HBAR)

CoinDesk 20 Performance Update: Uniswap (UNI) Surges 16.6% as Nearly All Assets Rise

In a recent performance update from CoinDesk, Uniswap (UNI) exhibited a notable surge of 16.6%, making it one of the top performers in a largely positive crypto market, where nearly all assets saw gains. Hedera (HBAR) also performed well, experiencing a 9.9% increase over the weekend. The CoinDesk

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