The AAVE token rebounded 4.05% to $112.54 amid technical support testing, with trading volume falling 53%. Analysts note a potential relief rally could occur if a key support level holds. Simultaneously, Aave Labs is consolidating operations by phasing out non-core products like the Family wallet to focus on its flagship lending protocol.
The AAVE token gained 4.05% to reach $112.54 today following recent market pressure. According to CoinMarketCap data, its 24-hour trading volume dropped 53% to $519.32 million.
Crypto analyst Umair Crypto observed the token is retesting a broken support level that previously caused rejection. The $80 zone, aligning with an October low, now forms a critical demand area for buyers.
Analysts indicate a hold above $80 could propel a relief rally toward $95–$100. Technical indicators show the token is in a long-term descending channel with a deeply oversold RSI.
Concurrently, founder Stani Kulechov announced a strategic shift away from the Avara brand. Aave Labs will now focus on core products like Aave App, Pro, and Kit.
The Family crypto wallet for iOS will be discontinued over the next year, with no new users onboarded from April 1. Kulechov stated this consolidation aligns the team to expand decentralized finance globally.
With $30 billion in total value locked, Aave maintains its lead in the DeFi ecosystem. This operational focus comes after the recent transfer of Lens Protocol stewardship to Mask Network.
