AAVE Price Flatlines at $126, Signals Potential Flush to $120
The AAVE price is currently at $126.10, but momentum has flatlined according to Rongchai Wang.
The MACD histogram is printing zero and taker sell flow is running 1.6x hotter than buy-side aggression, indicating a potential flush to $120-$123 support before the real move to $140.
The trend structure is clean and bullish, with all major moving averages below current price, but momentum has exhausted its engine as price approaches resistance.
The Bollinger Band position is 0.83, a full 24% premium over the 20-day mean, which suggests that price will either break out or snap back soon.