Aave token fell 11.2% in 48 hours, dropping from a daily high of $101.57 on July 31st to levels near $88. Technical indicators confirm sustained selling pressure, with Open Interest down 5% and Funding Rate oscillating between negative and positive territory. Founder Stani Kulechov also announced the removal of 50 low-adoption reserve assets and the termination of deployment on six chains. The $88 support level is now key to monitor: a break would open the path toward $83 and then $72.
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