AAVE just staged a dramatic comeback from $240 after a dip from $264. Whales are making big moves, but is this rally running out of gas? Let’s break it down! 👇
🐳 Whales Go All-In on AAVE
On-chain data from Lookonchain reveals two whales splashing $7.5M on AAVE in just 14 hours:
✅ Whale #1: Borrowed $5M in USDC to grab 19,608 AAVE, boosting their stash to 280,673 tokens.
✅ Whale #2: Snagged 10,131 AAVE with $2.5M in GHO, now holding 120,513 AAVE.
This whale frenzy screams confidence, but the charts are telling a different story. 🧐
📊 Technicals Flash Caution
AAVE’s clinging to a critical $248–$250 support zone, hugging the 20-day EMA. The bigger picture still looks bullish (higher highs since April), but momentum’s fading:
🚨 MACD: Bearish crossover, histogram sinking deeper into the red.
🚨 RSI: Dropped from overbought to ~50, signaling indecision.
Is this a springboard for bulls or a trap for dip buyers? 🤔
What’s Next for AAVE?
📉 Bearish Scenario: A daily close below $248 could send AAVE tumbling to $235 or even $220.
📈 Bullish Scenario: If bulls defend $248, a push to $280 resistance is on the table—but volume needs to step up!
The whales are betting big, but the market’s at a crossroads. Will you ride the wave or wait for clarity? 🌊
💬 Join the Discussion!
What’s your take on AAVE’s next move? Are the whales setting the stage for a breakout, or is this a fakeout? Drop your thoughts below! 👇
#AAVE #CryptoMarket #WhaleWatch #PriceAnalysis #BinanceSquare
