Crypto
AAVE Pinned Near $85: Oversold or Breakdown?
AAVE is trading at $85.99, below all major moving averages and stochastics screaming oversold.
The token has been stuck in a daily range of $1.64 for some time now, with Bitcoin correlation remaining the dominant driver for DeFi alts.
Bulls aren't pressing, bears aren't hammering, it's a standoff, and standoffs in crypto don't last.
Whales are quietly accumulating at the lower band while retail sits paralyzed, indicating classical patient money positioning ahead of a catalyst, likely a Bitcoin directional move that drags high-beta DeFi alts with it.