AAVE is trading at $134.34, with smart money holding a 61% long position and aggressive taker buying dominating the tape. The token is pressing against upside resistance at $137.17, but momentum indicators have gone quiet — MACD sits at a dead zero.
Smart Money Stays Long
Data shows traders classified as smart money are still heavily positioned to the upside, with 61% of their AAVE exposure in longs. That conviction hasn't wavered even as price action stalls below the $137.17 level. The buying pressure is real — aggressive taker orders are absorbing sell-side liquidity, keeping the bid firm.
Momentum at a Standstill
For all the buying, the MACD histogram is flat at zero. That's a rare setup: price is holding, order flow is aggressive, but momentum isn't confirming. In practical terms, the market is waiting for a push through resistance to trigger the next leg. Until then, the tape is balanced on a knife's edge.
Resistance at $137.17
The immediate hurdle is clear. AAVE needs to clear $137.17 to open up room for further gains. A failure to break that level could see the long positioning tested, especially if taker buying fades. The next few sessions will show whether the aggressive bids can force a breakout or whether the flat MACD signals a pause.
Traders are watching the $137.17 mark as the line in the sand. A decisive move above it would confirm the smart money thesis; a rejection could bring a quick rebalancing of those longs.
