AAVE Turns Bearish: $106 Support Tested, $115 Resistance Key

Published: 2026-03-23 01:59:45 |

AAVE is trading around $106.8 after a broad market pullback, and the technical outlook is clearly bearish. Price remains below EMA20 (about $112.5), Supertrend stays sell-side, and RSI(14) near 41 plus a negative MACD histogram indicate continuing downside momentum. Traders are watching $106.41 as the near-term support being tested. If AAVE breaks below it, targets mentioned include ~$101 and then ~$92.25. On the recovery side, the article highlights ~$115.03 (near EMA20) as the key resistance zone. A convincing acceptance back above ~$115 is needed to trigger upside attempts. Market participation also supports the bearish stance: moderate-to-lower volume, weak/negative OBV, VWAP (~$107.5) above spot (suggesting net selling), and buy/sell volume ratio below 1. AAVE’s high correlation with BTC (0.85+) means BTC direction likely drives follow-through. BTC losing the mid-$67k area could pressure AAVE toward sub-$100, while a BTC rebound above ~$68k may improve conditions and bring the $115 test back into focus. In short: AAVE is bearish while under ~$115, with $106 acting as the line in the sand and BTC acting as the main catalyst.

Bearish

Both articles converge on a bearish technical setup for AAVE: it is trading below EMA20, Supertrend remains negative, and momentum indicators (RSI below 50 and negative MACD histogram) support continued selling. The newer update adds clearer market-participation signals—VWAP above spot, weak/negative OBV, and sell-dominant buy/sell volume ratio—reinforcing that rallies are less likely to sustain without a reclaim of resistance. At the same time, the latest piece shifts attention to the immediate level $106.41 as the current “line in the sand.” A breakdown would likely accelerate toward the cited $101 and then ~$92.25 targets. Upside is conditional: only a renewed acceptance above ~$115.03 would invalidate the immediate downtrend pressure and open a path back to higher resistance zones. Because AAVE’s correlation with BTC is high (around 0.85+), the near-term direction for AAVE is expected to follow BTC’s key inflection around the mid-to-high $67k area, keeping market stability fragile until a trend reversal signal appears.