AAVE Price Stuck at Crucial Support: Smart Money vs Retail Frenzy
The price of AAVE has been stuck at $87.19 below its major moving averages, but there are signs that smart money is quietly building long positions.
The setup looks bearish, with a stacked ceiling of resistance from the simple moving averages, but momentum indicators suggest that buyers are hesitating rather than capitulating.
Volume has been thin, and open interest in derivatives has edged up modestly, which could indicate accumulation at a price low. However, top traders are still leaning long, while the general market is almost evenly split between bulls and bears.
The most likely outcome over the next two weeks is a choppy range between $84 and $92, with a mild downward lean until Bitcoin makes a directional decision or DeFi on-chain activity improves. The trade is not a trend-follow but rather a range-fade with clearly defined invalidation levels.