AAVE is showing early recovery signs after rebounding from a key demand zone, trading at $109.19. Technical indicators are turning positive, with the RSI rising to 57.61 and the MACD oscillator moving into bullish territory. Analysts are watching resistance levels at $116.5 and $132, though the broader trend remains cautious due to a downward-sloping moving average ribbon.
AAVE is exhibiting early signs of recovery after an ascent from a critical demand zone. At the time of writing, the token was trading at $109.19 with a market capitalization of $1.64 billion.
On April 16, 2026, crypto analyst Crypto Patel published a technical outlook noting AAVE established a bullish pattern post-Market Structure Shift. The price exhibited strong reactions from an order block, a critical area for buyer demand.
Following this reaction, AAVE has entered a retracement stage under close observation. Analysts forecast potential price targets at $108, $116.5, $125, and $132.
The setup becomes invalid if AAVE trades below $88.04 daily. The $96 area is watched as a likely place for a retracement.
Technical signals are positive, with the RSI indicator surging to 57.61 and crossing its signal line. The price is currently trading above its short-term moving averages of $105.73 and $96.41.
However, the MA Ribbon remains downward-sloping with resistance at $122.71 and $162.80. The overall trend remains unchanged for now despite the short-term reversal.
The MACD oscillator is moving positive, with the MACD line at 2.15 above the signal line. According to TradingView data, the histogram has also turned positive, showing initial stages of buying pressure.
