AAVE has slipped below every major moving average, a technical signal that often rattles traders. The cryptocurrency now appears headed for a test of the $75–$78 support zone within the next week to 10 days, according to market observers tracking the token's price action.
Below the moving averages
The breakdown leaves AAVE in technically weak territory. When an asset falls under its 50-day, 100-day, and 200-day moving averages simultaneously, it typically warns of sustained selling pressure. The projected drop to the $75–$78 range would represent a roughly 10% decline from current levels, assuming no mid-course bounce.
Whale positions tell a different story
Despite the bearish chart setup, large holders — so-called whales — are piling into long positions. Data shows 64.5% of whale accounts are long on AAVE, a lopsided bet that often precedes sharp, violent reversals. The concentration suggests these deep-pocketed traders expect the slide to reverse course, possibly in dramatic fashion.
That kind of accumulation during a downtrend can create a tug-of-war. If the $75–$78 support holds, the crowded long side could fuel a rapid squeeze higher. If it breaks, the same positioning risks a cascade of liquidations.
The incomplete $95 price target mentioned in some reports remains unclear. No timeline or trigger for that level has been specified. Investors will be watching whether AAVE can stabilize above the $75 mark or if selling pressure drives it lower first.
The next few trading sessions should reveal which force wins: the technicals pointing lower or the whales betting on a rebound. Either way, the setup is primed for a move that catches most off guard.
