AAVE Price Dumps 4.34%, But Whales See Buying Opportunity

AAVE's price dropped by 4.34% on September 10, bleeding into a critical support cluster at $121-$119.

Luisa Crawford notes that top-trader positioning suggests whales are quietly loading up while retail is panicking and shorting the token.

The immediate setup shows AAVE in full distribution mode on the short-term chart, with price slicing through both its 7-day and 20-day simple moving averages.

However, the longer-term structure remains intact, with AAVE trading $17 above its 50-day SMA and a full $27 above its 200-day SMA.