- A TD Sequential buy signal hints at a rebound toward $268 after a strong downward pressure on AAVE’s hourly chart.
- Whale transfers involving 600 WBTC and 27,722 AAVE tokens fuel speculation.
- Institutions like Galaxy Digital and Trump-linked entities drive large-scale AAVE and DeFi token accumulation on Ethereum.
AAVE is catching traders’ attention as a bullish signal forms on the hourly chart. Simultaneously, whales continue accumulating DeFi tokens, with recent movements suggesting renewed interest from institutions and influential players alike.
Technical Indicators Signal Bullish Setup
According to Ali charts, AAVE formed a green 9 candle, initiating a sell-off that bottomed near $255.55. However, a red 9 candle with an upward arrow recently appeared, marking a TD Sequential buy signal.
This pattern points toward a potential rebound as the price climbed to $259.80, signaling early momentum for a trend reversal.Smaller-bodied candles with higher closes support this. These changes suggest bulls may regain control after a long bearish stretch.
AAVE is showing early signs of recovery after recently bouncing from the $245 level on CryptoRank charts.
Source CryptoRank
Despite trading below key resistance zones, the price now holds near $260 with reduced selling pressure visible. The MACD has turned upward, showing a fresh crossover that suggests potential momentum shift in favor of buyers. At the same time, a TD Sequential buy signal on the hourly chart signals a possible rebound.
Volume activity holds steady, indicating cautious optimism as traders await confirmation of a breakout from current levels. The RSI reading has gone from oversold areas and now sits just under 50, hinting at growing strength. A clear move above the $265 to $268 resistance zone could regain bullish control. Until then, AAVE remains in a corrective phase within a broader downtrend still in effect since July.
Whale Movements Reshape Market Morale
Whale Alert reported the transfer of 600 WBTC, worth over $68 million, from Aave to an unknown wallet. Such activity can spook the market, but it also signals high-value engagement. Shortly after, another alert noted the inflow of WBTC into Aave from Bitfinex, highlighting continued platform utility.
Despite market jitters, whales are actively engaging with DeFi protocols, hinting at underlying confidence in AAVE’s ecosystem
