AAVE Price Hinges on Reclaiming Critical Resistance

AAVE is currently trading at $89.69, stuck below its moving averages and exhibiting weak momentum. Despite this, smart money is quietly building long positions.

The technical setup is concerning: AAVE has fallen below all major moving averages and its short-term EMAs confirm the bearish trend. However, a %B reading of 0.29 indicates that price is hugging the lower third of its Bollinger Band range, with the lower band acting as a gravitational floor.

The Stochastic oscillator is showing signs of an oversold bounce signal, but this doesn't override the bearish moving average stack. Smart money and whale accounts are sitting 55% net long, which could precede a short squeeze.