Aave Battles to Unfreeze $71M in Kelp DAO Hack

Aave pushes back in court to unfreeze $71 million tied up from the Kelp DAO hack, as legal fallout escalates and spills into broader DeFi recovery efforts. The protocol demands access to assets locked since the exploit last quarter, arguing that prolonged freezes hammer liquidity and expose vulnerabilities in decentralized lending. This move comes amid rising scrutiny on DAO security, with parallels to recent RaveDAO incidents shaking investor confidence in the crypto market crash recovery phase.

Zooming into the 4-hour chart, AAVE trades at $93.99 in a clear bullish structure, hugging the EMA50 support at $93.87 while the EMA200 looms as overhead resistance at $97.23—a level that could cap any impulsive rallies unless volume surges. MACD flashes a golden cross at 0.08, signaling building momentum, but RSI at 55.73 stays neutral, hinting at room for upside without immediate overbought risks. Price dances inside Bollinger Bands, testing the upper edge at $94.55 as volatility contracts; a breakout here eyes $97 confluence, but failure might drag it back to lower support at $91.75 for a retest before resuming the trend—classic setup for institutional accumulation in this macro upswing.