The price of AAVE held just below $100 on April 9, a level that changed from multi-week support to confirmed resistance following this week’s sharp decline. With the 4H Supertrend printing in red and the MACD histogram printing at 0.85, the next logical floor sits at $77.97.
Summary
- The price of AAVE traded at $91.02 on April 9, a good session low, as the $100 psychological level confirmed its role as resistance following the intraday crash to $83.92 on April 6.
- The 4H Supertrend (10,3) is bearish at $87.36 and the MACD histogram is printing a deeply negative 0.85, with no visible reversal signal in any indicator.
- The next key support remains at $77.97; a break below opens a structural low of $51.38, while a daily close above $100 disrupts a bearish setup.
The price of Aave (AAVE) is trading at $91.02 on April 9, near the session flat, as the $100 level confirms its transition from support to resistance on the 4-hour chart. The Supertrend indicator is red at $87.36, the MACD histogram is printing a deeply negative reading of 0.85, and the price has failed to recover $100 since breaking below that level following a sharp intraday drop to $83.92 on April 6. The next specified floor on the chart remains at $77.97 if the current levels give way down.
The 4-hour chart confirms a clear structural change at $100. AAVE spent much of February and March trading above that level, and the decline this week has left the area serving as top resistance. The chart clearly labels $100 as psychological support turned resistance, with the intraday ceiling of $94.12 covering all recovery attempts since the break down.
The 4H Supertrend (10,3) reads in the red at $87.36, a volatile level that now acts as a near-term magnet. The MACD (12,26,9) does not give relief: the MACD line is negative at 0.11, the signal is negative at 0.74, and the histogram prints a deeply negative 0.85, placing traders firmly in control of momentum without a positive reversal signal at any time.
Aave founder Stani Kulechov said in X the protocol’s risk infrastructure “has historically processed more than 1,200 payloads and 3,000 parameters without problems,” but the exit of BGD Labs as a key technology partner on April 1, revealing governance tensions ahead of the V4 development cycle, continues to chill market confidence.
Key Levels: Support, Resistance, and Price Targets
Immediate resistance is $94.12, the intraday ceiling from the collapse of April 6. Furthermore, $100 is a key level that the bulls should seek again to remove the near-term bias. A daily close above $100 is a minor attempt at a structural recovery and an invalidation level for the current bearish thesis.
On the other hand, $87.36 marks the 4H Supertrend level. A 4H close below removes the last dynamic buffer and opens $77.97, the next annotated support on the chart. Below $77.97, the $51.38 level represents major structural support, and AAVE’s position has not been traded in nearly several years.
Ineligibility: daily closing over $100.
On-Chain and Market Data Context
According to Coinglass, AAVE open interest remained elevated in the sessions following the completion event of April 6, with an intraday crash at $83.92 causing significant forced selling before recovering slightly to current levels. AAVE has underperformed the broader market over the past 30 days, falling nearly 20% as sentiment in the DeFi sector deteriorated.
The departure of BGD Labs and the earlier exit of the Aave Chan Initiative left a protocol navigating its V4 revolution without its few original technology contributors. Governance risk now includes price risk for owners ahead of what was intended to be Aave’s most important development cycle.
If AAVE fails to recover $94.12 at the close in the near term, $77.97 becomes the primary low indicator, with $51.38 the structural floor below.
