AAVE Price Coils at $130.38: Smart Money Loading While Retail Fades
The price of AAVE has been coiled at $130.38 for 24 hours, but this is not an indication of weakness. Momentum has stalled on the MACD histogram, which can be a sign that a thrust rather than a grind is coming.
The current structure beneath the price suggests that the bulls own the trend, and they are just temporarily out of fuel. AAVE is trading $23 above its 50-day average and $33 above its 200-day average, indicating an unambiguously bullish macro trend.
Retail traders on Binance futures are net short at 52%, but top traders are 54.4% long. This divergence suggests a potential short squeeze rather than a breakdown. The taker buy/sell ratio is running at 1.35, indicating aggressive buying orders lifting the offer, and open interest has expanded 3.85% over 24 hours while price barely moved.
The trade structure is straightforward: long entry windows sit between $128.50 and $130.50, capturing a pullback to the Bollinger midline and the current price range. Primary targets are at $135.36, representing a 3.8% move from current price, with extended targets at $138.50-$140.00.