AAVE whales return as $100 nears – Will buyers break through?

On the 24th of July, a whale transferred 191,453,164 USD Coin [$USDC] into the Aave protocol.

Whale Alert valued the transaction at $191.42 million. The transfer confirmed sizable protocol activity, although its effect on $AAVE demand remained unclear.

Meanwhile, Aave [$AAVE] traded at $96.28, just below the resistance around $99–$100. This zone had rejected several recovery attempts, making the whale’s timing particularly notable.

CryptoQuant’s Spot Average Order Size also recorded Big Whale Orders near $AAVE’s current price range. However, neither dataset confirmed that these whales bought $AAVE ahead of a breakout.

Are whales positioning before $100?

The $USDC transfer was part of a broader increase in large transactions.

Santiment recorded a rise in Whale Transaction Count for transfers exceeding $100,000 before the latest partial reading. This activity suggested renewed interest from large holders. However, the metric included purchases, sales, and wallet transfers.

Consequently, a higher Whale Transaction Count could increase volatility without determining its direction.

Spot demand offered a clearer bullish signal.

CryptoQuant’s 90-day Spot Taker CVD showed Taker Buy Dominant activity during $AAVE’s latest recovery. This indicated that aggressive spot buyers had increasingly crossed the spread to complete purchases.

Coinalyze data supported that positioning. Longs represented 56.09% of one-day positions, compared with 43.79% for shorts.

The one-day Long/Short Ratio stood at 1.28. Still, crowded long positioning could increase liquidation risk during a rejection.

Can $AAVE break above $100?

$AAVE had consolidated beneath $100 after recovering from its June lows.

The daily chart formed an ascending triangle, with buyers defending a rising trendline beneath horizontal resistance.

$AAVE also traded above its 20-day, 50-day, and 100-day Exponential Moving Averages. Those averages stood near $92.27, $91.76, and $88.46, respectively.

Meanwhile, the Stochastic RSI recorded values of 52.68 and 49.31. These neutral readings left room for movement in either direction.

A confirmed daily close above $100 could strengthen the breakout case. Rejection may return attention to the moving averages below $92.

Final Summary

• Whale activity increased as $AAVE consolidated beneath the psychologically important $100 resistance.
• Buy-dominant spot flow strengthened $AAVE’s breakout case without confirming the move.