AAVE Price Plunges 6.77% as Technical Picture Turns Hostile

AAVE's price has plummeted by 6.77% in a single session after reaching $139.99, and its technical picture is looking increasingly bearish.

The Relative Strength Index (RSI) is at 72.39, which is typically followed by a violent snapback in DeFi-native tokens like AAVE.

Furthermore, the Moving Average Convergence Divergence (MACD) histogram has compressed to zero, indicating that the upward momentum has stalled.

The Bollinger Band picture also suggests that AAVE is trading almost flush against its upper band ceiling at $136.49, with a mid-band of $99.93, which could be a price target if this becomes an actual unwind rather than a controlled pullback.