AAVE Price Bounces as Aave Shrugs Off Binance Hack Freeze

AAVE price is recovering after a sharp drop briefly took it below its long-term moving average. Aave lifted a precautionary freeze on its V3 and V4 markets after Binance’s hot wallet breach. Nine assets, including the two largest stablecoins, still cannot back new loans on Aave. Buyers still have to clear a resistance band overhead before the October downtrend can be called over. AAVE traded at $134.97 on Saturday, up 4.5% on the day on Binance and extending a rebound that started after Aave reopened all of its lending markets on October 30.

Source: Crypto News Flash