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AAVE price risks fresh plunge under $100, bears eye 2-year lows

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AAVE price risks fresh plunge under $100, bears eye 2-year lows
  • Aave price could plummet under $100 and risk new multi-year lows.
  • Bears can decisively take out the psychological level and test the $75-$80 range.
  • However, dips can offer a buy-the-dip opportunity before a sharp rebound.

Aave fell to around $108 as decentralised finance tokens broadly moved into negative territory.

With broader market pressures weighing on sentiment, AAVE faces rising downside risks and is at risk of slipping below the key $100 support level.

The outlook reflects continued volatility across the sector, with a notable decline in total value locked, highlighting growing vulnerability to further price weakness.

Aave price retests $108

Aave’s AAVE token was trading near $370 in August 2025 but has since declined sharply amid persistent bearish sentiment across the crypto market.

Prices fell steadily through late 2025 before sliding more aggressively toward the $100 zone.

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A double-top pattern formed in the latter months of last year, and the subsequent drop to around $95 last week marked a significant downturn for the DeFi token.

Although AAVE rebounded briefly to about $120, selling pressure has remained strong, with prices retesting the $108 support level.

The token is down roughly 15% over the past week and about 25% year-to-date.

It has also fallen around 67% since August 2025 and more than 80% from its all-time high above $667 in 2021.

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The price weakness has coincided with a sharp decline in Aave’s total value locked, reflecting reduced liquidity and softer protocol revenues.

AAVE price forecast: bears eye 2-year lows

Bulls are not completely out of the picture despite the recent bloodbath.

However, sentiment is battered, and momentum is with bears.

For Aave, technical indicators signal this increasing bearish momentum.

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While momentum oscillators remain in neutral territory and point to the possibility of a short-term bullish shift, moving averages continue to signal strong selling pressure for Aave.

A slide toward the psychologically important $100 level, after the token fails to hold above the $112 support zone, will reinforce this bearish outlook.

As reflected on the daily chart, a breakdown similar to the pattern that has defined AAVE’s price action since late 2025 could accelerate seller dominance and deepen near-term downside risks.

Aave Price Chart
Aave price chart by TradingView

The current downturn could push the price toward the $75–$80 demand zone in the near term, an area that aligns with a key Fibonacci retracement level.

A move into this range would place Aave back at levels last seen in early 2024.

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On the upside, renewed momentum would likely require a sustained weekly close above $140.

Such a move would depend on rising trading volumes, with $120 acting as initial support and $144 as a secondary resistance level before higher targets come into view.

Meanwhile, the daily Relative Strength Index is hovering near neutral territory around 34, giving sellers some room to maintain pressure.

Analysts note this setup could increase the risk of a short-term false breakout before a clearer directional move emerges.

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Crypto World

LINK price slips as Bank of England selects Chainlink for its Synchronization Lab

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LINK price

Chainlink price continued its downward trend on Tuesday, February 10, continuing a downward trajectory that started in August when it peaked at $27.8.

Summary

  • Chainlink price has dropped in the last four consecutive weeks.
  • The Bank of England selected it as a member of its Synchronization Labs.
  • Technical analysis suggests that the LINK price will continue falling.

Chainlink (LINK) token was trading at $8.60, down by 70% from its highest point in 2025. It is hovering near its lowest level since Aug. 2024.

LINK token retreated even after the Bank of England selected Chainlink as part of the Synchronization Lab, where it will provide decentralization solutions. It joins other major entities like Swift, Quant (QNT), the London Stock Exchange, ClearToken, and Nuvante that will participate in the program.

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The Synchronization Lab is a new project that will allow synchronization operators to demonstrate how they will interact with the upcoming RT2 synchronization capability. It will build on Project Meridian, which has demonstrated that the synchronization operator concept is technically feasible.

According to the statement, the Synchronization Lab will also demonstrate synchronization’s flexibility and supporting ecosystem readiness. 

The Bank of England becomes the next major organization to select Chainlink as its oracle provider. Some of its top partners are companies like UBS, Euroclear, JPMorgan, DTCC, ANZ Bank, and Fidelity. 

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These partnerships have helped boost Chainlink’s revenue over time, which has helped it boost the Strategic LINK Reserves. Data shows that the network has accumulated 1.9 million tokens worth over $16.2 million.

Meanwhile, spot Chainlink ETFs have continued doing well this month and are beating other coins like Bitcoin and Ethereum. Spot BTC ETFs have accumulated over $5.58 million in assets this month, while Bitcoin funds have shed over $173 million. Ethereum funds have shed $108 million in outflows this month.

LINK price technical analysis

LINK price
Chainlink crypto price chart | Source: crypto.news 

The weekly chart shows that the LINK price has slumped in the past few months, moving from a high of $27.46 in August to a low of $8.5.

It has dropped below the crucial support level at $10.24, the neckline of the giant head-and-shoulders pattern, which has been forming since October 2023.

It has moved below the 50-week and 100-week Exponential Moving Averages, while the Relative Strength Index has continued moving downwards. The two averages have formed a bearish crossover.

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Therefore, the next key support level to watch will be at $5.541, its lowest level in June 2023. If this happens, the coin will fall by about 35% from the current level.

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Bitcoin Trades Like Growth Stock, Not Gold: Grayscale

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Bitcoin Trades Like Growth Stock, Not Gold: Grayscale

Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale.

Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise.

“Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote, pointing to record rallies in bullion and silver prices.

Instead, the analysis found that Bitcoin has developed a strong correlation with software stocks, particularly since early 2024. That sector has recently come under intense selling pressure amid concerns that artificial intelligence could disrupt or render many software services obsolete.

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Bitcoin’s latest plunge mirrors the collapse in software stocks since the start of 2026. Source: Grayscale

The report suggests Bitcoin’s growing sensitivity to equities and growth assets reflects its deeper integration into traditional financial markets, driven in part by institutional participation, exchange-traded fund activity and shifting macroeconomic risk sentiment.

The shift comes as Bitcoin has experienced about a 50% drawdown from its October peak above $126,000. The decline unfolded in several waves, beginning with a historic October 2025 liquidation event, followed by renewed selling in late November and again in late January 2026. Grayscale also pointed to “motivated US sellers” in recent weeks, citing persistent price discounts on Coinbase.

Related: Crypto’s 2026 investment playbook: Bitcoin, stablecoin infrastructure, tokenized assets

Part of Bitcoin’s ongoing evolution

Bitcoin’s recent failure to live up to its safe-haven narrative should not be viewed as a setback but rather as part of the asset’s ongoing evolution, according to Grayscale.

Pandl said it would have been unrealistic to expect Bitcoin to displace gold as a monetary asset in such a short period.

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“Gold has been used as money for thousands of years and served as the backbone of the international monetary system until the early 1970s,” Pandl wrote.

While Bitcoin’s failure to reach similar monetary status is “central to the investment thesis,” he said, it could evolve in that direction over time as the global economy becomes increasingly digitized through artificial intelligence, autonomous agents and tokenized financial markets.

Despite its recent underperformance, Bitcoin’s annualized returns have significantly outpaced gold over the past decade. Source: Grayscale

In the near term, Bitcoin’s recovery may depend on fresh capital entering the market, either through renewed ETF inflows or a return of retail investors. Market maker Wintermute said retail participation has recently been concentrated in AI-related stocks and growth narratives, limiting near-term demand for crypto assets.

Related: Wall Street’s crypto debate is over as banks go all-in on BTC, stablecoins, tokenized cash