AAVE Price Stuck at $130 as Momentum Falters and Smart Money Holds
AAVE is trading at $129.96, comfortably above its major moving averages. This indicates an intact trend and a path of least resistance to higher prices. However, momentum has stalled out completely, with the MACD histogram flatlining at zero.
The RSI is in the low-to-mid 60s, leaving room for AAVE to run up towards overbought territory. The Stochastic is mid-range and drifting, making it a coin-flip moment for direction over the next 48-72 hours.
Despite the lack of momentum, smart money positioning remains bullish. Retail longs lean in at about 55%, while institutional desks are sitting at nearly 60% long with a long/short ratio of 1.48. This is a signal that smart money is on-side.
The daily ATR near $9.56 indicates that any real move will be violent. Spot sellers are present but not aggressive, trimming positions rather than exiting entirely.