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DeFi Token LEND Breaks Parabola Support; More Losses Ahead?
Photo by: News BTC

LEND, the native token of non-custodial lending platform Aave, fell almost 40 percent from its year-to-date top of $0.384. The plunge followed a steep 2,000 price rise that occurred amid a hype-oriented boom in the decentralized finance sector. Technical indicators, coupled with a rally in proof-of-work tokens, now suggest that the LEND downtrend may continue. Aave’s LEND token surged by...

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