AAVE Prints $153.20 as Smart Money Holds Long Positions

AAVE has seen a significant surge in price, reaching $153.20 after a 5.71% increase.

This move is notable, as it comes with substantial trading volume of over $31 million on Binance spot within the past 24 hours.

The asset is now above its major moving averages, including the 7-, 20-, 50-, and 200-day simple moving averages, which suggests sustained accumulation and a strong bullish trend structure.

However, there are warning signs in the technical indicators. The Bollinger Band %B is at 0.94, indicating that AAVE is close to touching the upper band resistance at $155.77.

The Stochastic %K is also signaling exhaustion, sitting at 91.93 with the %D lagging behind at 73.55, which could indicate a momentum divergence setup brewing.