{"id":2276,"date":"2025-06-06T11:11:50","date_gmt":"2025-06-06T11:11:50","guid":{"rendered":"https:\/\/bitunikey.com\/news\/aave-price-bounces-from-240-as-whales-accumulate-but-momentum-shows-signs-of-weakness\/"},"modified":"2025-06-06T11:11:52","modified_gmt":"2025-06-06T11:11:52","slug":"aave-price-bounces-from-240-as-whales-accumulate-but-momentum-shows-signs-of-weakness","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/aave-price-bounces-from-240-as-whales-accumulate-but-momentum-shows-signs-of-weakness\/","title":{"rendered":"AAVE price bounces from $240 as whales accumulate, but momentum shows signs of weakness"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">AAVE price staged a sharp intraday rebound from the $240 level amid whale accumulation, but fading momentum indicators suggest the recovery may face headwinds unless key support holds.<\/p>\n<p>Aave (AAVE) price saw a strong rebound today, bouncing off the key $240 support level after a sharp drop from $264 yesterday. The move appears to be driven by whale activity, with on-chain activity suggesting that large holders are buying the dip in size.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/1930903218726527413\" target=\"_blank\">data from Lookonchain<\/a>, two major whale wallets accumulated a combined 29,739 AAVE \u2014 worth approximately $7.5 million \u2014 within the past 14 hours. One of them borrowed $5 million in USD Coin (USDC) from the Aave protocol to purchase 19,608 AAVE, bringing his total holdings to 280,673 AAVE. The other whale borrowed $2.5 million in GHO to acquire 10,131 AAVE none hours ago, bringing its total holdings to 120,513 AAVE. <\/p>\n<p>While whale buying activity is a bullish sign, technical indicators are showing signs of weakness.  <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Looking at the daily chart, AAVE price is now testing a key support zone around $248 \u2013 $250, which coincides with the EMA 20. <\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14386515\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3AAAVEUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>Despite the broader bullish structure with higher highs and higher lows since April, momentum indicators are showing signs of weakness. The MACD has crossed bearishly with a widening negative histogram, and the RSI has turned down from overbought conditions, now hovering just above 50, suggesting that bullish momentum is fading though not fully broken.<\/p>\n<p>A close below $248 could trigger further downside, with potential targets at $235 and $220, both of which served as previous support and consolidation zones. However, if the current support holds, bulls may attempt to reclaim higher levels, with major resistance around $280. The medium-term trend remains bullish, but the current test of support will likely determine whether this is a healthy pullback or the start of a deeper correction.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>AAVE price staged a sharp intraday rebound from the $240 level amid whale accumulation, but fading momentum indicators suggest the recovery may face headwinds unless key support holds. Aave (AAVE)&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2276"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2276\/revisions"}],"predecessor-version":[{"id":2277,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2276\/revisions\/2277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1167"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}