AAVE Technicals Clash with Fundamentals at $100

AAVE is currently trading at $96, below the critical resistance level of $100, where several converging trends are set to clash.

The technical setup appears bullish on paper, with AAVE trading above all short-term moving averages and a solid dynamic floor provided by the SMA7 and SMA20, which cluster around $93.40.

However, momentum has stalled at the wrong moment, with the MACD histogram printing dead zero and RSI at 58 indicating hesitation from buyers.

The real overhead obstacle isn't just $100, but also the SMA200 sitting at $105.25, a level AAVE hasn't reclaimed.