The price of Aave has rallied nearly 30% from its recent low, offering some hope to long-term holders. Despite the short-term gains, the long-term trend remains bearish. The token’s future direction may be determined by its ability to break past key resistance levels or defend crucial support zones.
The price of the DeFi protocol token Aave has increased 29.7% since hitting a low of $92.25. It was trading at $119.64, though its long-term trend is still firmly bearish.
The 3-day chart shows a series of lower highs and lower lows for AAVE since late September. The $117.57 level, which acted as resistance in the summer of 2024 before a major rally, is now a critical price point once again.
Analysis using the Fixed Range Volume Profile indicates the Value Area Low is at $121.20. The Point of Control is at $168. This data highlights the long-term bearish pressure on AAVE.
Bulls must defend the $80-$100 demand zone to prevent a potential slide to $50 later this year. The On-Balance Volume (OBV) indicator remains above its April 2025 lows, which is a hopeful sign.
Aave‘s Total Value Locked briefly climbed to $27.7 billion but has since receded to $26.3 billion. News that BGD Labs, one of the top service providers to the Aave DAO, would quit by early April highlighted the Aave ecosystem division.
The 4-hour chart reflects the current market sentiment behind the altcoin. The $130 area has been a key supply zone this month.
Repeated attempts to breach the $130 level suggest that some Bitcoin bullish momentum could help AAVE surpass this local resistance. To the north, $148.60 represents a pivotal resistance level.
Given the longer-term downtrend, a bearish continuation from the $148.60 level is expected. Conversely, a breakout past $163.90 would signal a bullish shift in structure and the potential for recovery.
Final Summary stated that Aave price action remained firmly bearish, but short-term gains up to $148 appeared likely in the coming days. It also noted that a bearish continuation at the $150 resistance, or a breakout past $164, would determine the next trend for the altcoin.
