AAVE Price Stabilizes on Whale Accumulation Amid Technical Weakness

AAVE's price has dropped by 4.12% to $90.89 in the past day, but experts are cautiously optimistic due to whale positioning.

The cryptocurrency is trading below its 7-day moving average and has fallen under the 20-day SMA at $91.46, which now acts as an immediate ceiling rather than support.

However, despite the bearish technical indicators, open interest surged by 6.39% over 24 hours while price fell, indicating that new positions are being built into the weakness.

The top trader positioning data shows that whales and institutional accounts on Binance are sitting 54.3% net long with a 1.19 ratio, suggesting smart money divergence from retail flow.