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Aave faces selling pressure and bearish outlook after KelpDAO attack and whale sell-offs.

Market News
23 Apr 2026
AMBCrypto
View Source
Bearish
pluang ai news

Aave (AAVE) is experiencing increased selling pressure following the KelpDAO attack, with many large holders (whales) selling their tokens. Exchange inflows have surged to levels last seen during a major sell-off in early 2025, signaling potential market weakness. On-chain metrics like the Futures Taker CVD show sellers currently dominate, and aggressive whale positioning contrasts with retail investors betting the other way. Price targets around $100 and $125 are key short-term levels, but a rally above $125-$132 is needed to shift the bearish trend. Traders should remain cautious as the short-term outlook appears weak despite Bitcoin's rally.

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