AAVE is trading below a dense resistance cluster at $90–$92, and the price has yet to reclaim the $90.21 level that traders are watching closely. Top trader accounts are 60% long on the token, according to positioning data, but momentum has gone flat.
Resistance cluster holds firm
The $90–$92 zone has been a stubborn ceiling for AAVE. The token is currently under that band, and all major moving averages are acting as ceilings themselves. That means the short-term trend is not offering any support — every bounce has been met with selling pressure from above.
For traders, the cluster represents a dense area of supply. Until AAVE can push through it, the path of least resistance is to the downside. The flat momentum adds to the caution: there's no clear directional push from buyers or sellers right now.
Positioning tells a different story
Despite the price action, top trader accounts are positioned long. A 60% long split suggests that the largest traders on the platform expect a breakout rather than a breakdown. But that positioning alone hasn't been enough to move the market.
It's a disconnect that happens often in crypto — the crowd is on one side of the trade while the price stalls. If the long positioning is right, a push above $92 could follow. If it's wrong, the failure to reclaim $90.21 could trigger a sharper drop.
The $90.21 level matters
That $90.21 mark is more than just a round number. It sits just below the lower end of the resistance cluster. A failure to reclaim it is widely seen as a bearish signal — it means sellers are willing to defend the zone even at its weakest point.
As long as AAVE stays below $90.21, the near-term bias remains negative. The moving averages acting as ceilings reinforce that view, because they're typically dynamic resistance levels that traders watch on shorter timeframes.
The next move depends on whether buyers can finally break through the cluster. If they can't, the long positioning could unwind quickly. If they do, the 60% long figure might just be the early positioning before a squeeze higher.
