Key Insights:
- TD Sequential prints a bullish “9” on AAVE’s 12-hour chart after a steady downtrend.
- Whale buys 30,003 AAVE worth $4.7M during price consolidation between $150 and $155.
- $154 resistance remains key; a confirmed breakout could lead to a rally toward $165.
AAVE’s 12-hour chart has printed a “9” candle on the TD Sequential indicator, which is often used to spot possible turning points in a trend. The chart has now moved into a “1” candle, which can suggest the start of a new upward phase.
Before this, AAVE had been trading lower for several sessions. The price followed a clear downtrend, forming lower highs and lower lows. That movement seems to have paused near $146.33, where the price has found support. The current structure shows price holding steady in this range, with buyers starting to show more control.
$154 is a Key Level to Watch
Price was testing the $154 zone, a level that has acted as resistance during recent sessions. A confirmed move above this point could open a path toward the $165 range. Technical traders are watching this closely for signs of strength.
Ali stated,
“TD just flashed a buy signal on $AAVE. A break above $154 opens the door to $165.”
The $165 area is a natural target if price breaks above this resistance. Further price zones that may come into play are near $170 and $176.
Whale Accumulation Spotted On-Chain
Activity from a large holder has been recorded by on-chain tracking. According to olaxbt, a whale purchased 30,003 AAVE in the past four days. This brought the wallet’s total holdings to 59,955 AAVE, worth around $4.7 million.
The 1-hour chart shows price trading in a narrow range between $150 and $155. During this time, the CVD (Cumulative Volume Delta) has been rising, forming higher lows and higher highs. This change in order flow may suggest that buyers are absorbing sell pressure without causing sharp price moves.
Volume and MFI Show Stable Conditions
Trading volume has been consistent, with no major spikes. This kind of activity is often seen when larger players are entering quietly over time. There has been no sign of aggressive buying or selling during this phase.
The Money Flow Index (MFI) is sitting at 46.70. This number is in the neutral range, showing balanced flows between buyers and sellers. It supports the idea that the market is steady and not overheated.
AAVE was trading at $155.85 at the time of writing. It is up 1.4% in the past 24 hours, but still down 14.2% over the past week. Traders now look to see if price can clear $154 and move toward the $165 level, following the recent TD buy signal.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.