$AAVE

aave self-rebounded after falling back from $180. Whenever the price approaches around $140, there seems to be a significant increase in volume to stop the decline. There is no doubt that someone is continuously buying here. Recently, the last two pullbacks have started to show some interesting signals.

Signal 1

During the third bottoming attempt, although the price fell below $136, which was the deepest point, the trading volume was also the lowest. This indicates that the panic selling has basically been cleared out, and the trapped positions above $163 have either stopped loss or have simply gone dormant. This is one of the signals that the washout is nearing its end.

Signal 2

In last night's fourth bottoming attempt, BTC fell below $69,000 and ETH fell below $2,500. However, aave did not touch the critical point of $140, not even coming close, showing signs of bottom-fishing funds starting to rush in! Bottom-fishing funds are no longer waiting for a drop below $140 to trigger panic selling, but instead, when there are sell orders at $140, they choose to place orders above that price to 'cut in,' hoping to collect more chips in this pullback than other bottom-fishers.

Signal 1 indicates that the 'selling' is nearing its end.

Signal 2 shows signs that 'grabbing shares' is making a comeback.