Aave’s [AAVE] sharp 11.25% rally pushed price toward the $145.55 resistance, as stronger Futures buying and Spot outflows supported the rally.
Meanwhile, trading volume rose to $770.74 million, coinciding with the swift growth. The scale of the move reflected stronger participation rather than an isolated price spike.
However, the $145.55 level remained key, as sellers had previously dominated the region. A strong break might extend the recovery towards the larger $180 area of resistance.
Aggressive buyers take control of Futures
Futures positioning added another layer of support as 90-day Taker CVD was in a buyer-dominated position during AAVE’s rally.
Market buyers made more aggressive moves than sellers in the measured Futures activity. This positioning aligned closely with AAVE’s rapid move from the $86.26 region toward $145.55.
Importantly, buyer dominance strengthened the demand side as the price approached a zone capable of attracting profit-taking.
Futures demand could be crucial around the $145.55 area, as more aggressive action would assist in clearing out the available sell orders. However, a prolonged period of dominance would be more important than a brief run-up after the 11.25% move.
Spot outflows interrupt three-day inflow streak
Exchange flows had shifted notably as AAVE recorded $409.03K in Spot net outflows on the 24th of August.
The negative reading marked the end of three days of inflows, which had strengthened exchange-side supply during the rally.
Hence, the latest reversal reduced immediate supply pressure as AAVE approached the critical $145.55 resistance area.
The shift also aligned more favorably with buyer-dominant Futures activity, strengthening the demand conditions surrounding the breakout attempt.
However, after three days of positive flows, one negative session had yet to form a consistent withdrawal pattern.
Further outflows from exchanges will further decrease the supply of exchange and may help the buyers around resistance.
A return to inflows, on the other hand, would bring supply pressure back and make AAVE’s recovery efforts more difficult.
Can AAVE turn $145.55 into support?
AAVE surged from the $86.26 region and decisively cleared the long-standing $102.84 resistance during its latest expansion.
AAVE price was trading at $142.19 at the time of this writing, just below the key $145.55 resistance level.
The bull market conditions stayed intact since buyers held the price well above the previous $102.84 high.
The technical readings also supported the strength behind that expansion. A look at the DMI indicator shows the +DI signal reached 46.88 against -DI at 6.32, while ADX had climbed to 30.93.
Besides, the MACD indicator had reached 9.99 against its 3.81 signal line, with the histogram expanding in the positive zone to 6.18.
With the price staying above its breakout area, these readings supported further bull control.
However, AAVE had not yet confirmed that $145.55 had become support because the price remained below the level.
A successful retest above $145.55 with a decisive daily closing price would confirm the conversion and reinforce the trends toward $180.
Until that occurs, price rejection could instead trigger consolidation or a pullback toward the former $102.84 breakout zone.
Final Summary
- AAVE’s 11.25% rally has brought price within reach of the $145.55 resistance.
- Taker-buy dominance and renewed outflows support buyers, but $145.55 remains the key test.