AAVE Price Plummets as Exchange Reserves Reach Highest Level Since April 2025

AAVE's price dropped dramatically on April 7, hitting $86.56 and becoming deeply oversold according to its RSI reading.

The sharp decline in price occurred as exchange reserves increased to 2.23 million AAVE since early February, marking a reversal of the trend seen over the past year.

Rising exchange reserves indicate that holders are now withdrawing their assets from exchanges, which could pose a challenge for potential buyers attempting to recover the altcoin's value.