Aave takes charge in a 'DeFi United' initiative to curb the $292M fallout from KelpDAO's recent exploit, rallying protocols to recover funds and stabilize the ecosystem. This move echoes Aave's track record in DeFi exploit recoveries over the past year, where it coordinated cross-protocol efforts to safeguard user assets in Ethereum's volatile landscape. With Bitcoin hovering near key levels, this incident underscores risks in restaking protocols like KelpDAO, potentially impacting broader DeFi sentiment and AAVE price prediction models.

From a technical confluence standpoint, AAVE trades at $94.71 in a bearish structure, pressing against the EMA50 resistance at $95.91 while the EMA200 looms overhead at $100.67 as a formidable ceiling for any upside. Momentum sits neutral with RSI at 50.81, but the MACD's golden cross at -0.63 hints at budding bullish undercurrents despite the negative value. Price action squeezes inside Bollinger Bands, testing upper resistance at $95.86—a spot where volatility often exhausts, suggesting a pullback to lower support at $90.89 could precede any real breakout, especially if DeFi exploit recovery news drives fresh inflows.