AAVE Price Stuck at $97.64 as Resistance Cluster Holds Firm
AAVE's price has been stuck at $97.64 due to its inability to break through the strong resistance cluster at $100.39-$102.80.
The token is showing signs of momentum exhaustion, with the MACD histogram printing dead zero, indicating a lack of conviction in either direction.
Despite the shorter-term structure being constructive, with price trading above its 20-day and 50-day moving averages, the 200-day SMA at $102.80 remains a significant barrier to break through.
The market is currently indecisive, with a slight but persistent buyer edge in the order flow, but thin volume and contracting open interest suggest that it may not have enough fuel to push through resistance.