AAVE flips $100 to resistance as $83.92 breakdown deepens, $77.97 next
AAVE is trading around $91 after a sharp selloff earlier this week, when it dropped toward $83.92. Traders’ key takeaway is that AAVE’s $100 psychological level has flipped from prior support to confirmed resistance on the 4H chart, keeping the setup bearish.
Momentum remains weak. The 4H Supertrend (10,3) is red near $87.36, and the MACD histogram is deeply negative (about -0.85), with no clear reversal signal. Short-term resistance is seen at $94.12, then $100.
Levels to watch: bulls need a daily close above $100 to invalidate the bearish structure. On the downside, a 4H close below $87.36 could open the path toward $77.97. If $77.97 breaks, the article flags deeper tail support near $51.38.
Positioning context remains cautious. Coinglass data cited in the article shows AAVE open interest stayed elevated after the Apr 6 liquidation event, consistent with forced selling and only a partial recovery since.
Protocol news adds overhang: BGD Labs exited its engagement on Apr 1 amid governance tensions. Overall, traders should expect AAVE to remain range-capped unless $100 is reclaimed on a daily basis; failure to do so increases the odds of follow-through toward $77.97.
Bearish
Both articles converge on the same trader-critical message: AAVE’s recent breakdown (toward $83.92) has shifted the $100 zone from support to resistance. The latest update adds a clearer 4H momentum read (Supertrend red near $87.36 and a deeply negative MACD histogram), reinforcing that sellers still control near-term direction.
In the short term, price is likely to stay capped between $94.12 and $100 unless AAVE can reclaim $100 on a daily close. The derivatives/liquidation context (elevated open interest after the Apr 6 liquidation) suggests forced selling effects may linger, which typically reduces the probability of a fast, sustained rebound.
In the longer run, the article’s governance-development overhang (BGD Labs exit) keeps uncertainty elevated, which can weaken dip-buying confidence. That combination explains the bearish bias: failure to regain $100 increases odds of follow-through lower to $77.97, with $51.38 highlighted as a deeper tail-risk level.