Key Support Break Sparks Questions: Can AAVE Reach $92 Next?

• AAVE falls below $100 as sellers dominate, pushing price to a three-week low.
• RSI nears oversold territory, signaling strong bearish momentum and reduced buyer presence.
• The next potential target sits at $92 unless bulls reclaim $100 and moving averages.

Aave — AAVE, has slipped below the $100 support level, raising concerns among traders about the next downside target. The altcoin recently hit a three-week low at $96 and currently trades around $97, marking a 7.7% drop on daily charts. Market cap fell over $200 million as sellers gained control. Investors are closely watching whether AAVE can hold above crucial levels or if the next target near $92 comes into play.

Sellers Dominate as AAVE Falls Below $100

The market slip caused AAVE participants to adopt a bearish stance, driving aggressive sell-offs. Short-term moving averages, including the 9- and 21-day MAs, failed to hold the price, highlighting strong downward pressure. Bulls vs. Bears metrics turned negative after remaining positive for over a month, signaling sellers overtook buyers. Exchange activity echoed this trend, with 79k AAVE tokens flowing in and 74k flowing out, indicating that sellers controlled trading dynamics.

AAVE’s Netflow has stayed positive for six days, reflecting prolonged dominance of selling pressure. Meanwhile, the Exchange Supply Ratio jumped to a monthly high of 0.137, showing more tokens available for immediate sale. Historically, such conditions reduce scarcity and increase downward momentum, often leading to lower prices. Traders are now paying attention to these metrics, as they suggest the altcoin could continue sliding if selling pressure remains strong.

Momentum and Possible Targets

Momentum indicators confirm the bearish trend. AAVE’s Relative Strength Index dropped to 34, approaching oversold territory. This highlights that buyers are largely absent while sellers control the market. Such conditions often drive prices lower until the market finds a floor or accumulation picks up. If the current trend continues, AAVE could move toward the $92 level as the next logical support.

On the flip side, a rebound requires bulls to reclaim the $100 mark. For a strong trend reversal, AAVE must break above the 9- and 21-day moving averages at $107 and $110. Failing to do so may extend the bearish streak, keeping the altcoin below $100 for the near term. Traders should monitor these levels closely, as any strong inflow or technical breakout could shift momentum quickly.

For now, caution remains key. Sellers are dominant, but oversold conditions could attract buyers seeking low entry points. Market participants need to watch exchange flows, moving averages, and price action near critical support. AAVE’s trajectory toward $92 or a rebound will depend on how buyers respond in the coming days. Vigilance and strategy will determine who benefits in this volatile environment. AAVE fell below $100, hitting a three-week low as sellers dominated. Momentum indicators show bearish pressure, with RSI nearing oversold. If selling continues, the next target could be $92, while reclaiming $100 may spark a rebound.