AAVE Price Prediction: Whale Sell-Offs Threaten $200 Support After 20% Slide

Key Takeaways:

• AAVE’s price has fallen below $230 following whale sell-offs and weak buying volume.
• Rising exchange inflows point to potential increased sell pressure in the coming days.
• A break below $200 is possible unless whale accumulation or broader market sentiment turns bullish.

The once-promising AAVE crypto price has now broken below the crucial $230 level after a series of whale-driven sell-offs and waning market momentum. Just weeks ago, AAVE had surged above $300, signaling the potential for a major breakout. Now, the altcoin faces increasing pressure, with technical indicators pointing to a possible slide below $200 if current trends persist.

Whale Sell-Offs Drive AAVE Below $230

After establishing an uptrend since April — which peaked at $300 on June 10 — AAVE’s price is now tumbling, currently hovering below $230. A large part of this downturn can be attributed to recent whale activity.

According to Arkham Intelligence, one whale offloaded 15,646 AAVE (worth over $3 million) to Binance, followed by another whale dumping 9,290 AAVE for approximately $2.05 million. These sell-offs have introduced fresh selling pressure into an already weakened market.

Without a strong rebound in buying demand, AAVE may struggle to revisit the $300 level anytime soon.

Lack of Buying Volume Could Prolong AAVE’s Slump

Another critical indicator adding to AAVE’s bearish outlook is its 90-day Mean Dollar Invested Age (MDIA). The MDIA has spiked sharply, reflecting the dormancy of long-held tokens. While this suggests that many holders are not actively trading their positions, it also signals that trading volume is low — a factor that can stall recovery.

Low trading activity reduces momentum, limiting AAVE’s chances of mounting a quick bounce. Without an increase in buying volume, the risk of extended consolidation or further decline remains elevated.

Exchange Inflows Signal Renewed Sell Pressure

Adding to the cautionary signals is the recent uptick in exchange netflow volume. After trending negative last week — indicating reduced sell pressure — netflows turned positive on June 22, when over 25,394 AAVE tokens were moved to exchanges, according to Glassnode.

This surge in inflows suggests that more tokens may soon hit the open market, increasing the probability of a price break below $200, especially if buyers fail to counterbalance the influx.

AAVE Price Prediction: $200 Support Under Threat

Technically, AAVE’s crypto price has broken down from its ascending channel and slipped under the $258 support, which also aligns with the 0.50 Fibonacci retracement level. The Relative Strength Index (RSI) is trending below neutral, underscoring weak bullish momentum.

If selling pressure continues, AAVE could test the psychological $200 support — and potentially decline further to $180.95 in the coming sessions.

Conversely, a surprise spike in whale accumulation could flip the narrative, allowing AAVE to regain lost ground. If buying pressure intensifies, the token could break back into its rising channel and target a fresh rally toward $400.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses