Whales Accumulate Over $3.1 Million in AAVE During Market Weakness
- Whale Accumulation of AAVE: During market weakness, whale wallets increased AAVE holdings by over 12% on December 23, reaching nearly 184,000 tokens, which added over 20,000 tokens valued at approximately $3.1 million, indicating confidence amidst uncertainty.
- Institutional Interest Rising: Institutional-linked wallets also raised AAVE holdings by over 13%, totaling nearly 275,000 tokens valued at around $5 million, reflecting strong long-term confidence in the asset.
- Renewed Whale Interest in Cardano: Wallets holding between 100 million and 1 billion ADA increased their balances by about 100 million ADA after December 20, valued at approximately $36 million, demonstrating patience and confidence despite slow price movement.
- Sustained Demand for Chainlink: Chainlink continues to attract strong whale demand, with one wallet purchasing over 360,000 LINK from Binance for roughly $4.5 million, showcasing a trend of steady accumulation during market cooldowns.
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Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE) As of , Aave (AAVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 37.329 | 64.79 | 92.879 | 120.34 | 148.429 | 175.89 | 203.979 |
| Fibonacci | 64.79 | 86.01 | 99.12 | 120.34 | 141.56 | 154.67 | 175.89 |
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