Here is the reason for the outbreak of AAVE EYES at a value of $ 430 in a whale of $ 53 million star-news.press/wp

Main meals

Whale withdrawals and purchase of the smart trader enhances the bullish AAVE accumulation. Besides, a long/short percentage at 1.76 and the main filtering groups pay the volatile expectations.

AAVE (AAVE) He continues to attract a great accumulation, which reflects the deepening of confidence from the big players. A smart merchant recently He bought 4,831 AAVE for $ 1.58 million, which contributes to the upper narration.

Meanwhile, another whale carried out a large withdrawal of 25,097 AAVE at a value of $ 7.9 million. In total, this whale withdrew 167,451 AAVE with a value of $ 53.65 million of stock exchanges during the past week.

R.Continuous output flows are to tighten the offer and enhance expectations for potential upward momentum.

At the time of this report, AAVE was trading $ 320.76 after a daily profit of 1.72 %.

Is the rising trend line preparing AAVE to ignite?

Price measures continue to respect the rising trend line that has been held since April, with support that is formed near the FIB level $ 298.

At the time of the press, AAVE was circulating over a major support area, with an upper momentum indicating potential upward targets.

According to the extension of Fibonacci, $ 371 is the first major resistance level, with a possible rally about $ 430, which corresponds to an extension of 1.618.

The current artistic structure is preferred with a continuous upward movement, provided that the rising trend line remains intact.

However, a clear break less than $ 298 would undermine this upward preparation and may lead to a deeper decline.

Source: TradingView

Large whale deals dominate the flow of futures market orders

Besides the accumulation of stains, the activity of the futures market was driven by the large whale orders that continue to form directional bias.

The future demand indicator highlights the presence of large positions, indicating that the main players are betting on great bets.

This often precedes stronger whales that depend on the whales of the whales that are stronger due to the effect of the liquidity it creates.

Therefore, the dominance of large demands in the AAVE derivative market enhances the upscale issue.

However, this also means that fluctuation may increase as soon as these situations start relaxing, making short -term fluctuations more aggressive.

Source: Cryptoquant

Why do you prefer the long/short budget condemnation

The derivatives market continued to climb, with a long/short percentage high to 1.76, at the time of the press. Longs made 63.84 % of parking, while short pants reached 36.16 %.

The imbalance reflects strong circulating confidence that AAVE can extend from the current levels.

Moreover, the climbing rate corresponds to the whale activity, which inflates the possibility of a continuous upward agricultural momentum.

However, traders should notice that long -standing long sites can sometimes lead to rapid corrections if market conditions are transformed.

However, the broader alignment between the accumulation of whales and the declining length indicates that prejudice is still intact.

Source: Coinglass

The liquidation groups highlight the main areas of the risk of volatility

The filter’s heat map reveals concentrated levels between $ 317 and $ 335, as both long and short qualifiers can lead to exaggeration of volatility.

If the price rises above 335 dollars, the short pants besieged the coverage may be forced, leading to an increase in the bullish batch.

On the contrary, failure to keep $ 317 may lead to a series of long qualifiers, which presses prices. Therefore, the immediate AAVE fluctuation depends on the movements within this narrow range.

With the large whales in the position of merchants in extensive and long -tending traders, the result of the battle zone can be determined by this main hookah area for the distinctive symbol.

Source: Coinglass

Does AAVE prepare $ 430?

AAVE Technical Assembly, Whale’s accumulation, and long translated hegemony combines the suggestion of the Saudi capabilities, is still strong.

As long as the rising trend line exceeds $ 298, the path remains about $ 371 and possibly $ 430.