Can AAVE Still Reach $128 Amid Rising Sell Pressure? A Deep Dive
The DeFi lending platform AAVE has shown resilience, reclaiming some value following last week's market turbulence. AAVE rallied strongly from the $105 support level with a double bullish candle on the four-hour timeframe to signal the strong buying pressure on the altcoin. This sparked renewed interest: But with sell pressure rising, can AAVE truly head back to $128? Let's analyze the current state of AAVE and its potential for further growth.
AAVE's Recent Performance: A Mixed Bag
Today, AAVE reached a higher high than its July 14 one and slightly surpassed its May 27 one, which is labeled as the D wave from the ABCDE correction. Despite this, AAVE currently flashes signals of impending sell pressure. According to recent analysis, AAVE is facing a four-hour resistance level at a key price point that it needs to overcome.
On-Chain Indicators: A Bearish Warning?
Going by the current on-chain indicators, AAVE is likely to decline toward $68. This is where 16,000. The OBV (On-Balance Volume), which tracks volume flow relative to price movement, has flattened at 29.04M on the chart after rising steadily through April. This suggests a weakening of buying pressure and potential for further decline. Monitoring selling pressure is crucial for investors.
The Bullish Counter-Narrative
Despite the warning signs, there are reasons for optimism. Recent developments, including a new all-time high for net deposits on the Base chain, have turned market sentiment positive for Aave, solidifying its position in the DeFi. With key resistance levels ahead, AAVE has a clear path toward a sustained uptrend if it can maintain momentum. Following the disastrous sell-off in the crypto market last week, a few alts were reclaiming their values on the chart. DeFi lending platform AAVE was on a similar growth trajectory.
Exchange Reserves: A Subtle Shift
The current exchange reserves for AAVE have reached a total of 2.39 million, reflecting a marginal decrease of 0.06%. This slight reduction could indicate that fewer investors are looking to sell their AAVE holdings. This is where 16 de sept. de 2025.
Conclusion: A Cautious Outlook for AAVE
While AAVE has shown some recovery and bullish potential, the increasing sell pressure and bearish on-chain indicators suggest a cautious approach. Despite the recent gains, AAVE is encountering resistance that could hinder its future growth. Whether AAVE can overcome these hurdles and reach $128 remains to be seen, but careful monitoring of market trends and key indicators is essential for investors.