AAVE Price Hits Inflection Point as Smart Money Loads Up
AAVE is trading at $121.58 after a sharp 3% decline in 24 hours, and its momentum has flatlined to an inflection point marked by a dead-flat zero on the MACD histogram.
The broader structure remains constructive, with every major slow-moving average well below current price, confirming that AAVE is still operating inside a medium-term uptrend. This isn't a top, but rather a shakeout zone where the market is deciding whether to resolve higher or tip into something uglier.
Traders are watching for two scenarios: the bull case, where price holds support at $118.53-$118.62 and breaks out above $128.48, targeting $130.05; or the bear case, where the MACD zero line resolves bearish, breaking below $118.53 with conviction.
Smart money desks are 59% long, while retail is also leaning bullish at a 56.2% ratio. Open interest jumped 5.43% in the last 24 hours, suggesting positioning rather than capitulation. The market isn't over-levered, but it's coiled.