AAVE: Reclaims Key Support as Bullish Momentum Builds
AAVE at $94.76 reclaims prior support with MACD golden cross intact, setting stage for 21-week MA break and DeFi lending protocol market recovery signals.
SourceAnalysis
AAVE reclaimed a critical prior support zone this week according to trader @CryptoMichNL, with the token now trading at $94.76 and positioning for a break above the 21-week MA that historically marks major continuation phases in AAVE price prediction models.
Price sits comfortably above both the EMA50 at $80.37 and EMA200 at $78.63, confirming the longer-term bullish structure while the MACD golden cross at 5.24 keeps momentum aligned for further upside; with the asset still inside the Bollinger Bands and RSI at 67.95 leaving room before overbought territory, a measured push toward the upper band resistance at $100.78 appears the highest-probability path before any deeper retracement to the 50-EMA confluence zone. This move arrives alongside broader crypto market recovery signals that also lifted Bitcoin and several large caps, reinforcing the view that DeFi lending protocol market recovery signals 2024-2025 remain intact into 2026.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast