![Aave [AAVE] in a downtrend as another level of support is lost to the bears](https://insights.cryptobasemarket.com/wp-content/uploads/2023/05/pp-3-cover-3-e1683807645886-304559.jpeg)
Aave has been in a downtrend since 20 April, when the previously bullish higher timeframe market structure was violently broken after losses of 15% within a week.
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