Will AAVE price recover above $100 as DeFi selling intensifies?

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Well, that was dramatic. AAVE’s price took a nosedive on April 6, dropping like your favorite TV show’s plot twist-unexpected and sharp-plummeting to $83.92 before managing a semi-dramatic recovery to $94.66. But honestly, it’s not looking great. The $100 support level? Well, it’s now more of a “please stay away” type of resistance, and the technical charts are basically giving us the cold shoulder.

  • AAVE briefly hit an intraday low of $83.92 on April 6, before crawling back up to $94.66-turns out, $100 is now the brick wall keeping it from advancing.
  • The daily Supertrend indicator is chilling at $107.82, and the MACD’s mood is “grumpy,” confirming that the bears are still in charge. Meanwhile, the 4H Supertrend is playing the role of a weak floor at $92.29.
  • If AAVE doesn’t make a move back above $100, expect to see the $83.92 low again, maybe even the $80 Fibonacci zone-if you’re into that sort of thing. However, a daily close above $107.82? Now that would be worth talking about.

On April 6, AAVE’s price went on a mini-vacation to $83.92, a drop that wasn’t exactly subtle, falling more than 11% from the previous session’s close at $94.15. This dramatic dive? Blame it on DeFi sector selling and the broader “let’s all be cautious” macro risk mood. That brief trip below $100? It flipped the psychological support into a hefty resistance, leaving the charts looking more bearish than a grizzly bear with a headache.

$100 Support Flips to Resistance as Bearish Pressure Deepens

Looking at the daily chart, the Supertrend is holding its ground at $107.82, like a bouncer at an exclusive club, and anything below that is just not cutting it. The MACD histogram is negative, and the signal line is still under zero, which is basically the technical equivalent of a “nope” to any potential bullish comeback. A candle printed a nice long lower wick at $83.92, indicating some demand at the lows, but the close at $94.66 is about as inspiring as a soggy toast.

Meanwhile, over in the AAVE drama department, BGD Labs has officially called it quits as of April 1, citing “governance tensions”-which I assume means they couldn’t agree on whether or not the protocol should have a party hat for the V4 launch. Aave’s founder, Stani Kulechov, tried to reassure us by mentioning how the protocol has successfully handled over 1,200 payloads and 3,000 parameters in the past without a hitch. But BGD’s departure? Definitely making some people sweat as we head into the V4 launch cycle.

As for the 4H chart, the Supertrend is still at $92.29, playing it cool as the nearest support level. The 4H MACD histogram? It’s like that person who shows up to a party and just stands in the corner-no clear sign of action yet, just hanging around, unsure if it wants to go up or down.

Key Levels: $80 Zone in View if $92 Fails

If $92.29 fails to hold, prepare yourself for the possibility of a revisit to the $83.92 low. Below that, the $80 zone starts looking pretty attractive, especially with the 0.786 Fibonacci retracement pulling in the $80 to $85 range. That’s the “uh-oh” zone for anyone hoping for a medium-term recovery.

On the bright side (and I’m stretching here), $100 is still a primary resistance level. But if AAVE can somehow manage a close above the Supertrend at $107.82, we might finally see a neutral shift. A sustained recovery above $100? That could lead to a trip toward $112, but only if volume’s on its side. The charts are playing hard to get right now, though, so let’s not get too excited.

On-Chain Context and Institutional Signals

Grayscale is apparently trying to make AAVE more “official” by filing to turn its Aave Trust into an ETF on NYSE Arca-so, fingers crossed for a long-term catalyst. Unfortunately, the approval process isn’t exactly a quick fix for short-term price support. And speaking of prices, according to CoinGlass, AAVE futures open interest is declining, which suggests that long-side deleveraging is taking place. Basically, people are backing off rather than aggressively betting against it. So don’t expect a sudden short-covering rally anytime soon.

If the $92.29 support fails, we might just be headed back to the $83.92 low, and below that? Well, $80 is lurking, ready to shake things up. AAVE hasn’t seen levels that low in years, and I’m not sure if that’s the comeback we’ve all been waiting for.

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2026-04-07 03:27