OBV unusual movement! The bottom whale $AAVE quietly hoarded 5 million pieces!
AAVE has been stagnant at 263 for a day with a fluctuation of only 0.05%, which is a waste of time. The MACD golden cross below the zero line barely counts as a bullish signal,
but the KDJ's J value has soared to 84.4, indicating a short-term overheating risk explosion. What's even more frustrating is that the trading volume has shrunk to an estimated 3%, and even the dog owners are too lazy to increase their volume for the performance.
The 50-day moving average is pressing down at 280, and the previous high resistance level is now just a time-consuming battle between bulls and bears. A break below 260 could see it drop to 250; only if it stabilizes can it attempt to touch 280. Without a significant volume breakout, it's all just a false move.
It's better to stay in cash and wait for a trend change rather than getting involved in this garbage market. I'd rather wait for big funds to make a move than chase after paper-thin breakouts.
Although the market is slightly sluggish now, opportunities will come again. Stay calm and wait for the pullback, and feel free to discuss future market views anytime.
