Aave is trading just below the $100 mark as of April 9, a level that has flipped from strong support into confirmed resistance after this week’s sharp breakdown. With bearish signals strengthening, the next key support lies near $77.97.
Summary
AAVE is hovering around $91.02, with $100 now acting as resistance after the recent drop to $83.92.
The 4H Supertrend remains bearish and the MACD histogram is deeply negative, showing no clear reversal signs.
A break below current levels could push price toward $77.97, while a reclaim of $100 would invalidate the bearish outlook.
Bearish momentum builds below $100
The shift at $100 marks a clear structural change. After holding above this level for weeks, AAVE’s breakdown has turned it into a strong resistance zone. Since the drop, price has struggled to move past the $94.12 intraday ceiling, reinforcing selling pressure.
Technical indicators continue to favor bears. The 4-hour Supertrend is red at $87.36, acting as a dynamic resistance level, while the MACD remains firmly negative—suggesting that downward momentum is still dominant with no confirmed reversal in sight.
Key levels to watch
Immediate resistance: $94.12
Major resistance / invalidation: $100
Dynamic support: $87.36 (Supertrend)
Next downside target: $77.97
Major structural support: $51.38
If AAVE loses the $87 zone on a closing basis, the path toward $77.97 becomes more likely. A breakdown below that could expose the much lower $51.38 level.
Market context
Beyond technicals, sentiment around Aave has weakened. Elevated open interest following the recent liquidation event suggests lingering volatility, while governance-related concerns—particularly around contributor exits ahead of the V4 upgrade—are adding to uncertainty.
Outlook
Unless Aave manages to reclaim $100 decisively, the trend remains tilted to the downside. Failure to recover key resistance levels could see price drift toward $77, with broader risks pointing even lower if selling pressure intensifies.
