AAVE Price Falters at $128 as Derivatives Market Signals Warning Signs

AAVE's price is holding at $127.71, maintaining a bullish trend structure.

However, a dead-zero MACD histogram and aggressive taker selling in derivatives are warning signs for bulls.

The spot volume of $27.6M on Binance is functional but lacks conviction for a breakout attempt.

The open interest declining 2.1% while price ticked up just 2.05% indicates shorts capitulating without meaningful new longs stepping in to replace them.