AAVE Price Stumbles as Whales Offload $7M+ in Tokens Ahead of Resistance Test

By press time, the AAVE price traded at $167, with an intraday gain of 4.76%. This upswing supports buyers to challenge the resistance trendline of a falling wedge pattern.

Aave (AAVE) price appears to be struggling despite Bitcoin’s attempt to reclaim the $85,000 level and sparked optimism for broader market trend reversal.

As the world’s leading cryptocurrency rose 3% on Tuesday morning, setting the stage for a possible rally above the critical resistance zone, it appears that Aave price is quickly losing ground as whales continue offloading their tokens.

Aave price is currently trading at $167, up 4.76% in the past 24 hours.

Aave Price Analysis: Whales Dump $7M+ AAVE Tokens As Critical Resistance Looms

Aave price is currently trading at $167, with an intraday gain of 4.76%. This upswing supports buyers to challenge the resistance trendline of a falling wedge pattern. Since late January 2025, the overhead resistance acted as a major selling zone for traders as past reversal led to a drop of 25% to 44%.

However, as the AAVE price heads towards another retest, the risk of bearish reversal persists as the whale transaction records a notable sell-off.

According to data from Lookonchain, wallet address 0xd282 transferred 30,001 AAVE tokens (worth $4.98 million) to the crypto trading platform FalconX within just two hours of reporting. Despite the substantial volume, this whale now holds 37,425 AAVE (valued at $6.33 million) with a total profit of $11.8 million.

In another development, another wallet, 0x1AdC, deposited 11,018 AAVE tokens ($1.86 million) to the OKX exchange, but this move resulted in a loss of $293,000, highlighting an exit strategy with accepting loss.

Aave Price Setting Up For Crucial Pivot

Over the past three months, the AAVE coin has resonated actively within the two converging trendlines of a falling wedge pattern, indicating its reliability in influencing price movement.

As the price stands just 2% short of challenging the overhead trendline, it faces a crucial pivot level to determine further movement.

If the overhead selling persists, the AAVE price could revert lower and dive 25% down to hit the bottom support trendline.

On the contrary, the chart setup is designed to eventually breach the upper boundary as a signal for trend reversal. Thus, a potential breakout will accelerate the market buying pressure and set chase $280 resistance, followed by $400.