- We emphasized interest in the accumulation of whales and growth growth, but active participation was low.
- AAVE seemed to have a rising flow and closing the liquidation pressure with the finish of $ 280 key resistance.
Whales actively accumulated more than 118,000 Ghost Purchased $ 4.96m a few hours ago from May 1. This purchase has a total of 261,000 AAVEs, reaching about $ 69.8 million.
The accumulation from centralized exchanges such as Kraken and Winter Mute has not yet caused significant resistance. But timing seemed to match the AAVE test that tests the main resistance level on the price chart.
As a result, aggressive activities increase the two possibilities. Whales are expected to continue to meet or build liquidity for future distribution.
Is the AAVE network increase a signal of robbery or a signal of noise?
At the time of writing, AAVE’s address indicator drew a mixed picture. In the last seven days, new wallets have increased by 31.94%, short -term interest.
However, the active address was barely moved to an increase of 0.21%.
The 54.77% increase was higher in the unbalanced address. This can mean that the user is terminating or the wallet is recycled.
Source: INTOTHEBLOCK
According to last month’s intensive trend, whales have an increase of 3.32%, while medium -sized investors’ addresses decreased by 6.13%.
Retail participation increased only 1.27%, a minimum of the minimum retail excitement. This transition to whale dominance can strengthen market stability or signal risk by reversing the course.
Moreover, the exit of the investor holder (especially more than the sleeve) reduces the core support class.
Does the exchange flow reflect trust orism?
Over the last 30 days, exchange flow has increased by 135.13%with a rapid spike of 26.64%and 144.45%every day.
This rising trend emphasized clear capital movements around the core level, with the price of $ 271.85 to $ 180 to $ 271.85.
This can show optimistic momentum, but such a spike may match the distribution area in the previous cycle. Therefore, the surge can reflect the accumulated profits.
If the inflow persists while the price falls below the resistance level, the sales pressure may soon surpass the intention.
Source: INTOTHEBLOCK
Short pressure is fuel of more than $ 275?
The liquidation heat map emphasizes a significant short pressure of more than $ 275, creating a potential squiz area.
At the same time, the long position seemed to be weak of less than $ 260 and set the lower boundary. The price of AAVE was at the center of this liquidity battle of about $ 271 in the press time.
Clean ridges of $ 275 or more can accelerate the rally by forcing the cascade of short liquids. However, if the price does not maintain this level, it may begin to actively solve it.
Source: COINGLASS
Is AAVE ready to go through resistance?
In the press time, AAVE was aligned with the top Bollinger band and faced a major resistance of $ 279.53.
RSI represents potential exhaustion in 72.64, depths of the excess zone. Meanwhile, the 20 -day moving average of $ 250 provided a foundation for support.
The decisive brake out of more than $ 280 can unlock the route of $ 380, the next major resistance. But without a strong catalyst, overheated RSI can cause cooling of the chart.
Source: TradingView
conclusion
Whale accumulation and short liquidation pressure was a hint from possible evacuation. However, the rise of overheated RSI and the rise in exchange flow was implied as a potential.
Thus, AAVE is likely to test $ 280 and simply drill it, but continuous profits depend on the retail and investors’ follow -up measures.