AAVE Tests Critical Support as DAO Governance Drama Weighs on Momentum
AAVE’s price action tells a tale of technical resilience meeting governance headwinds, with the token clinging to $155.38 support after a devastating 16.5% monthly drop. The recent DAO vote against taking control of brand assets triggered stop-loss cascades below $160, though bulls emerged to defend the psychological $155 level where TD indicators simultaneously flashed buy signals. The main question for traders is: can technical buy signals and strong revenue fundamentals overcome the cloud of governance uncertainty hanging over the protocol?