Aave Price Plummets as Selling Pressure Continues Amid Rising TVL

Aave's price has declined by 8.78% to $131.37, trading below its short- and medium-term moving averages.

Despite this decline, Aave saw a surge in capital rotation into DeFi protocols on August 24, resulting in increased transaction volumes and platform liquidity.

The total value locked (TVL) on Aave is rising, supporting sustained protocol activity despite continued selling pressure on price action.

The technical analysis suggests that the most probable scenario for Aave's price is further downside, with a 65% probability assigned to declines and a 35% chance of a rebound.