AAVE’s price surged past the $95 resistance level Tuesday as large traders maintained a 61.5% long position in the asset. The move positions the token to test the Bollinger upper band at $105 while the technical picture shows neutral momentum. Traders now focus on whether the $93.50 level will hold as critical support for sustained gains.
Breaking Through Key Resistance
The $95 mark had blocked AAVE’s upward momentum repeatedly in recent sessions. Its breach Tuesday changed the short-term trajectory, giving bulls room to operate. This isn’t a one-off jump—the token’s ability to hold above $95 in the next 24 hours will determine if the resistance turn into support. If it slips back under $93.50, the recent gain could unravel quickly. That level acts as the anchor for price stability in current conditions.
Whale Stance Signals Bullish Bias
Whales—the market’s largest holders—show clear conviction with 61.5% of their positions now long on AAVE. This positioning often precedes sustained moves when it reaches 60% or higher. Their dominance means any sharp reversal could trigger liquidations that amplify downward pressure. Right now, their commitment supports the current uptrend but also creates fragility if the price wobbles near $95.
Chart Path to $105
The Bollinger upper band at $105 looms as the next realistic target based on current volatility metrics. It’s not a guarantee—historically this band has acted as a ceiling during similar setups. The RSI reading confirms neutrality; no overbought signal exists to halt momentum. AAVE must climb steadily to reach $105 without exhausting buyers. If volume stalls before $105, the rally might fizzle out.
Why $93.50 Can’t Slip
The $93.50 level isn’t arbitrary—it’s where the price stabilized during last week’s dip. Losing this pivot would force a reassessment of the current momentum. Bulls need to treat it as a hard floor now that resistance has broken. Any trade below $93.50 could trigger swift stops and send the token retesting $90. This makes the pivot the most important level for day traders watching the move.
AAVE’s next 48 hours will reveal whether the $95 breakout has legs. The token must hold above $93.50 while building momentum toward $105 to avoid a false breakout.
