AAVE Price Stabilizes as Whale Accumulation Signals Rebound

AAVE's price has been experiencing volatility, recently dipping 4.35% to $96.82 but showing signs of stabilization due to whale accumulation and rising open interest in futures.

Despite this drop, AAVE is still holding above its short-term moving averages, with the SMA 7 acting as a key support line at $96.26.

The main challenge for AAVE lies in its overhead resistance from the 200-day SMA at $103.81, which has been a barrier to rallies.

Technical indicators such as the MACD histogram and RSI suggest a neutral market with no clear direction or momentum.