AAVE Price Trapped Between Resistance and Seller Pressure
The price of AAVE is currently coiling at $96 beneath converging resistance at the $100 psychological level and the Bollinger upper band at $100.12.
Smart money is 57% net long, but active selling pressure dominates the market, causing a 1.18% decline on a day where positioning suggested sideways-to-up.
The technical setup for AAVE is a compressed spring, with longs positioned and holding, sellers defending the $98, $100 zone, and the ATR of $4.42 indicating daily range capacity for a decisive move.