Aave Price Surge Might Be Fading: Risk of Correction Arises as Whale Activity Halts

Ethereum-based lending protocol Aave (AAVE) is facing a potential turning point in its price surge. Despite jumping by 185% from its April lows, the token’s growth may be nearing an end due to a weakening pattern and dwindling whale activity. While reaching highs of over $326 this weekend, AAVE has formed a double-top pattern on the weekly chart and smart money investors have reduced their holdings. This suggests that momentum might soon slow down.