AAVE’s $120 Level Could Decide Its Next Big Move
$AAVE has made a strong recovery recently, but traders now need to pay close attention to one important price area: $120.
AAVE climbed from around $87.50 to $145, delivering a huge move in just a few days. The rally was supported by stronger sentiment across the crypto market and improving activity around Aave V4. V4 deposits have grown rapidly, while active loans have also increased, suggesting that more capital and real borrowing demand are entering the ecosystem.
However, AAVE has already pulled back from its $145 high and is trading near $124. This pullback itself isn't necessarily bearish.
Why? Because the old $120–$130 resistance zone has now been broken. If buyers successfully defend this area, it could turn into a new support zone.
The $120 level is therefore the key area to watch. If buyers step in around this zone, AAVE could attempt another move toward $140–$145, and potentially higher if Bitcoin remains strong.
But traders should also respect the downside. A sustained break below $112 could weaken the short-term bullish structure and open the door toward the $91–$76 area.
For now, the $120 retest is the key battle between buyers and sellers.
$AAVE has made a strong recovery recently, but traders now need to pay close attention to one important price area: $120.
AAVE climbed from around $87.50 to $145, delivering a huge move in just a few days. The rally was supported by stronger sentiment across the crypto market and improving activity around Aave V4. V4 deposits have grown rapidly, while active loans have also increased, suggesting that more capital and real borrowing demand are entering the ecosystem.
However, AAVE has already pulled back from its $145 high and is trading near $124. This pullback itself isn't necessarily bearish.
Why? Because the old $120–$130 resistance zone has now been broken. If buyers successfully defend this area, it could turn into a new support zone.
The $120 level is therefore the key area to watch. If buyers step in around this zone, AAVE could attempt another move toward $140–$145, and potentially higher if Bitcoin remains strong.
But traders should also respect the downside. A sustained break below $112 could weaken the short-term bullish structure and open the door toward the $91–$76 area.
For now, the $120 retest is the key battle between buyers and sellers.
