AAVE Price Holds $170 as Whale Activity Spikes: Is AAVE Bracing for a Big Move?

As the broader crypto market drifts sideways, AAVE price is holding firm near the $170 level, refusing to break lower despite rising uncertainty. This pause comes at a time when whale activity has intensified sharply, with large holders sending mixed signals.

AAVE’s price action is no longer being driven by noise, it is being shaped by positioning. At first glance, the signals appear contradictory, but on closer look, they point to a market nearing resolution.

Whales Activity Send Mixed Signals

On-chain data shows a clear divergence in whale behaviour. One large wallet, labeled 0xE9D, accumulated 11,089 AAVE worth nearly $1.9 million after weeks of inactivity. 

This wallet address now holds more than 355,00 AAVE, valued nearly $59 million, suggesting growing confidence around the current price level of $170. At the same time, 21Shares-linked wallets transferred approximately 35,700 AAVE (around $5.7 million) to exchanges and Flow-traders over the last three weeks.

This clash between accumulation and distribution has pushed AAVE into a tightening range. Historically when whales disagree near long-term support, volatility tends to follow.

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AAVE Price Charts Points to a Bullish Outlook

AAVE’s price structure is quietly improving over the past few sessions. It has been trading within a descending channel for much of the past year, printing lower highs and keeping bears in control. That structure is now weakening. At present, AAVE price has repeatedly defended the $165 support zone, absorbing selling pressure without follow-through. 

Currently, AAVE price showcases range bound moves and braces for a breakout. If AAVE price clears the upper range of $180, buyers may push AAVE token toward $200-$210 zones. While the strong demand zone stays around $155-$165 which continues to act as a base.

What Comes Next for AAVE

AAVE’s hesitation is not a sign of weakness, it is a sign of positioning. Whales are repositioning rather than exiting. Buyers are stepping in earlier, whereas sellers are failing to push price lower. This balance often leads to tight range movement, and compressing ranges tend to precede sharp movement.

In past cycles, AAVE price has shown a tendency to remain quiet just before decisive moves. The current structure closely mirrors those periods of consolidation. As long as AAVE holds above $165, the bullish scenario remains valid. For now, AAVE is being accumulated, not abandoned.

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