Aave price takes double-digit hit, but strong fundamentals point to eventual recovery By Cointelegraph

Aave, the governance token of the decentralized finance (DeFi) Aave protocol, experienced a 17% decline between July 30 and August 1, reaching the $62 level.

While the $62 support has demonstrated its resilience, the current price of $64.40 is still 12% below the daily close on July 30. Investors are now questioning whether this movement signifies a more cautious approach to the sector or if other factors are exerting pressure on the Aave (AAVE) token price.