AAVE is trading at $96, stuck just below a key resistance zone. The token faces a double barrier: the psychological $100 mark and the Bollinger upper band at $100.12. Despite smart money showing a 57% net long position, active selling pressure is currently controlling the market.
The $100 Barrier
The $100 level has historically acted as a psychological threshold for AAVE. The Bollinger upper band, currently at $100.12, adds technical weight to that resistance. Together they form a tight ceiling that the token has not been able to breach in recent trading. A close above that band would signal a breakout, but so far sellers have held the line.
Smart Money vs. Market Pressure
Data shows that smart money — typically large, informed traders — is 57% long on AAVE. That suggests a bullish bias among institutional or experienced participants. Yet the broader market is seeing active selling pressure, meaning more tokens are being sold than bought in the spot market. This divergence creates a tug-of-war: smart money is betting on a rise, but current order flow favors the bears.
What the Indicators Say
The Bollinger Bands are a volatility indicator. When price touches the upper band, it often signals overbought conditions or a potential reversal. Combined with the selling pressure, AAVE's failure to break $100 could lead to a pullback. On the other hand, if smart money continues to accumulate, the token might eventually push through. The next few trading sessions will test which force wins.
For now, AAVE remains in a tight range. Bulls need to see a decisive move above $100.12 to regain momentum. Without that, the selling pressure could drive the token lower.
