$AAVE The price recorded one of its biggest single-session declines in months on April 6, briefly crashing to $84 before a partial recovery took hold. The damage on the chart is clear: $100 moved from support to resistance in a single session, and the technical pattern on the daily and four-hour time frames remains decidedly bearish.
$AAVE Price (Aave) crashed to $83.92 on April 6, sliding more than 11% from the previous session’s close of $94.15 before rallying back to $94.66, as the DeFi sector sell-off and broader macro risk aversion sentiment pressured the lending protocol’s native token Aave. The decline confirmed a decisive break below psychological support at $100, a level that the daily chart now characterizes as resistance after months of action as a structural floor.
On the daily chart, the Supertrend indicator sits at $107.82, well above price and capping any near-term recovery attempts. The MACD histogram remains negative on the daily time frame, with the signal line still below zero, confirming that the selling momentum has not yet reversed. Today’s candle printed a long lower wick from $83.92, reflecting demand at the intraday low, but the close of $94.66 is well short of what is needed to challenge the $100 threshold.
BGD Labs, one of the main technical contributors to the Aave protocol, officially concluded its engagement on April 1 after citing governance tensions. Aave founder Stani Kulechov previously noted this on
On the 4H chart, the Supertrend at $92.29 acts as dynamic support. The MACD 4H histogram is almost flat, reflecting a pause in bearish momentum rather than a confirmed reversal.
Key Levels: $80 Zone in View on $92 Failure
The 4H Supertrend at $92.29 is the immediate support to watch. A daily close below this level will reopen the intraday low $83.92 as the next test. Below, the $80 round number marks the next important support, reinforced by the 0.786 Fibonacci retracement of $AAVEThe rally from 2024 to 2025, which is in the $80-$85 area. This is the level of invalidation of a bearish scenario for any medium-term recovery thesis.
On the upside, $100 is the main resistance. A confirmed daily close above the Supertrend at $107.82 is the minimum required to move the short-term bias towards neutrality. A sustained recovery above $100 with volume confirmation opens the way towards $112, as indicated by the potential ascending structure visible on the 4H chart.
On-Chain Context and Institutional Signals
Grayscale Investments has filed to convert its Aave Trust into an ETF on NYSE Arca, a potential long-term demand catalyst, although approval timelines provide no near-term price support. According to CoinGlass data, $AAVE Futures open interest has declined alongside prices in recent sessions, consistent with long deleveraging rather than aggressive short position reconstruction, reducing the likelihood of a strong short covering rally.
If $92.29 gives way on the 4H chart, a return to the intraday low of $83.92 seems likely, with $80 as the last significant structural support before territory. $AAVE hasn’t traded in years.
