Aave closed around its pivot after a lower sweep, with the script citing a pivot at $94.32 and the latest price at $94.34. Support is marked at $92.90 and resistance at $95.80, leaving the token lodged in a narrow decision zone.
The chart structure shows repeated selling into rallies, but the script argues that the more important signal comes from derivatives positioning. Funding was 4.29% annualized, open interest stood at $37.3 million, and open interest had fallen 1% over 24 hours.
That combination suggests fragility without fresh speculative fuel. The market has stabilised, but not in a way that confirms renewed conviction from leveraged participants.
The levels therefore matter more than the headline move. A reclaim of the upper pivot at $95.38 would indicate a more constructive shift, while a loss of the lower pivot at $94.32 would suggest the bounce was only a reset after the flush and would put deeper support near $92.90 back into focus.