AAVE price is holding just below $100 on April 9, a level that has moved from multi-week support to confirmed resistance following this week’s strong breakout. With the red 4H Supertrend and the MACD histogram printed at a deeply negative 0.85, the next significant bottom lies at $77.97.
Summary
- The price of AAVE traded at $91.02 on April 9, effectively stable over the session, as the psychological level of $100 confirms its role as resistance after the intraday crash to $83.92 on April 6.
- The 4H supertrend (10.3) is bearish at $87.36 and the MACD histogram shows a deeply negative 0.85, with no reversal signals visible on either indicator.
- The next key support lies at $77.97; a break below opens the structural floor at $51.38, while a daily close above $100 invalidates the bearish setup.
The price of Aave (AAVE) traded at $91.02 on April 9, almost stable on the session, while the $100 level confirms its transformation from support to resistance on the 4-hour chart. The Supertrend indicator is red at $87.36, the MACD histogram is showing a deeply negative reading of 0.85 and the price has failed to reclaim $100 since falling below that level following the sharp intraday drop to $83.92 on April 6. The next bottom annotated on the chart is at $77.97, the primary downside target if current levels give way.
The 4-hour chart confirms a clear structural shift at $100. AAVE spent much of February and March trading above this level, and this week’s breakdown left the area acting as overhead resistance. The chart explicitly indicates that psychological support turned into resistance at $100, with the immediate intraday high at $94.12 capping every recovery attempt since the downside breakout.
The Supertrend 4H (10.3) is shown in red at $87.36, a dynamic level now acting as a short-term bearish magnet. The MACD (12,26,9) offers no relief: the MACD line is negative at 0.11, the negative signal at 0.74 and the histogram printing a deeply negative 0.85, placing sellers firmly in momentum control with no reversal signals forming on either time frame.
Aave founder Stani Kulechov said on
Key levels: support, resistance and price targets
Immediate resistance is $94.12, the intraday high since the April 6 breakout. Above that, $100 is the key structural level that bulls must reclaim to change the near-term bias. A daily close above $100 is the minimum condition for an attempted structural recovery and the level of invalidation of the current bearish thesis.
On the downside, $87.36 marks the Supertrend 4H level. A 4-hour close below removes the last dynamic buffer and opens $77.97, the next support annotated on the chart. Below $77.97, the $51.38 level represents major structural support, territory that AAVE has not reached in several years.
Invalidation: a daily close greater than $100.
Context of on-chain data and market
According to Coinglass, AAVE open interest remained high in the sessions following the April 6 liquidation event, with the intraday crash to $83.92 triggering significant forced selling before a partial recovery to current levels. AAVE has underperformed the broader market over the past 30 days, down around 20% as confidence in the DeFi sector has deteriorated.
The departure of BGD Labs and the earlier exit of the Aave Chan Initiative left the protocol navigating its V4 transition without several of its original technical contributors. Governance risk now compounds price risk for holders ahead of what was supposed to be Aave’s most significant upgrade cycle.
If AAVE fails to reclaim $94.12 in the near term, $77.97 will become the primary downside target, and $51.38 the structural floor below.
