On July 24th, a whale transferred $191.42 million USDC into the Aave protocol, confirming significant activity from large holders. AAVE was trading at $96.28, just below the psychological $99–$100 resistance zone, which had rejected multiple recovery attempts. Buy-dominant spot flow and a Long/Short Ratio of 1.28 supported a bullish case, though concentrated long positioning increased liquidation risk in case of rejection. AAVE traded above its 20-day, 50-day, and 100-day Exponential Moving Averages at $92.27, $91.76, and $88.46 respectively.
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