Aave Tumbles Below Key Support Level Amid Bearish Trend

Aave has hit a significant hurdle as it broke below its $127 support level, giving bears control of the cryptocurrency's movement.

The break below this key level suggests that Aave needs to reclaim and hold onto the support for any potential upward momentum to progress.

If Aave can respect the $127 support line, it may pave the way for a rise towards $140. However, if it fails to hold onto this level, the correction down towards $111.50 becomes more likely.