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AAVE sees $6.44M transfer to Coinbase but holds $100 resistance amid steady buying interest.

Market News
28 Jul 2026, 23:00 WIB
AMBCrypto
View Source
Neutral
AAVE sees $6.44M transfer to Coinbase but holds $100 resistance amid steady buying interest.

Revolut moved over $6.44 million worth of AAVE from cold wallets to Coinbase in one day, raising concerns about increased supply hitting exchanges. Despite this, AAVE's price structure remained stable as traders debated if the move was profit-taking or routine management. Derivatives data showed continued bullish sentiment with positive funding rates, indicating leveraged traders expect higher prices. AAVE traded near $98, defending its rising trendline and challenging the $100 resistance level, with potential to reach $120 if it breaks above $100. A rejection at $100 could shift focus back to $90 support, crucial for the uptrend's validation.

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