The price of AAVE is consolidating near $97, with the $88 support level seen as critical for its near-term direction. Technical indicators show rising bullish momentum, while a major legal victory concerning the recovery of 30,766 Ethereum (worth nearly $71 million) has boosted sentiment in the DeFi ecosystem.
AAVE price is consolidating within a descending channel while holding key support. A breakout above resistance could confirm bullish continuation, while losing support may extend downside pressure.
The chart shows price stabilizing near $97 after repeated lower-low formations. According to the crypto analysis Butterfly, the upper descending trendline acts as primary resistance near the $100–$105 zone. A confirmed breakout above this channel could shift momentum bullishly.
The current RSI for AAVE is 53.16, indicating buyers have regained dominance as it crossed the neutral 50 line. Bullish continuation signals are also indicated by the MACD, with a positive histogram value of 0.63383.
A major legal victory for AAVE occurred when Judge Margaret Garnett ruled that 30,766 ETH could be transferred from Arbitrum to a wallet controlled by Aave after an exploit. The decision set a DeFi recovery precedent and kept legal claims linked to North Korea intact.
