Aave (AAVE) rose 11.25%, pushing the price close to the 145.55 USD resistance level amid stronger futures buying and net capital flows in the spot market shifting to net outflows.

Trading volume reached 770.74 million USD, indicating an increase accompanied by greater participation. However, AAVE still needs to decisively break above 145.55 USD to extend the rebound momentum toward the 180 USD zone.

Buy-side pressure in futures contracts strengthens AAVE’s uptrend

AAVE receives support from active buying pressure in the futures market, when the 90-day Taker CVD indicator leans toward buyers during the rising price period.

This data shows that buyers place more aggressive orders than sellers. This development is similar to AAVE rising from the $86.26 area to near $145.55.

Buyers’ dominance helps reinforce demand as the price moves into an area previously marked by profit-taking activity. However, buying pressure needs to be maintained for a longer time instead of appearing only in a short-term upward move.

Futures contracts may play an important role around $145.55. Stronger buying pressure could help absorb sell orders in this area, but the available data has not yet confirmed the breakout potential.

Spot net flow switched to net outflow after three days of inflows

AAVE recorded net outflow on the spot market of $409,030 on August 24, ending a streak of three consecutive days of inflows.

This move reduces the amount of AAVE immediately sitting on exchanges as the price approaches the $145.55 resistance zone. The change also aligns with the buying pressure dominating the futures market.

AAVE Price Index or Movement: Increase 11.25% Trading Volume 770.74 million USD Spot net inflow/outflow on August 24: Net outflow 409,030 USD Previous cash flow chain Three consecutive days of inflows

A single net outflow session is not enough to confirm a prolonged withdrawal trend. If outflows continue, sell-side supply pressure on the exchange could decrease; conversely, if inflows return, trading supply will increase.

Source: CoinGlass

$145.55 is still the decisive test for AAVE’s trend

AAVE has not confirmed $145.55 as a new support level because the price is still trading below this level.

AAVE rose from the $86.26 area and broke above resistance at $102.84 during the most recent expansion wave. At the time recorded, the AAVE price was $142.19, below the $145.55 resistance zone.

Technical indicators show that buyers are still in control. The DMI indicator records +DI at 46.88 versus -DI at 6.32, while the ADX rises to 30.93.

Indicator or price level Value AAVE recorded value $142.19 Near resistance $145.55 Resistance has broken above $102.84 Previous price zone $86.26 +DI 46.88 -DI 6.32 ADX 30.93 MACD 9.99 MACD signal line 3.81 MACD histogram 6.18, in the positive zone

MACD is at 9.99, higher than the signal line at 3.81, while the histogram expands in the positive zone to 6.18. These signals reflect the current upward momentum, but they do not replace confirmation from price action at $145.55.

A successful retest above $145.55 along with a decisive closing price could strengthen the ability to target the $180 zone. If rejected, AAVE may enter a consolidation phase or pull back to the earlier breakout area at $102.84.

Source: TradingView

Summary

AAVE rises 11.25% to near the $145.55 resistance level thanks to futures buying pressure and a net outflow session in the spot market. The price still needs to break above and hold above this level to strengthen the likelihood of targeting the $180 zone.

Source: https://tintucbitcoin.com/aave-tang-11-nhung-vap-khang-cu-14555-usd-but-pha-hay-bi-tu-choi/

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