- Our dear Aave bulls have sashayed up the charts these past two weeks—quite the modest charmer.
- Should AAVE slip back to $150, traders might just pounce like it’s the last canapé at a soirée.
Ah, Aave [AAVE], that persistent darling, has shown a glacial yet assured creep in Total Value Locked (TVL) lately—signaling that investors are whispering sweet nothings and tossing capital into its smart contracts like eager debutantes at a ball.
And what’s this? The Aave team, ever the generous hosts, have set aside a princely $50 million each year to snatch back AAVE tokens from the merciless market, presumably to maintain their charming facade and keep the dance party going.
Buoyed by such splendid news and a market-wide waltz upwards, the altcoin flounced above the feisty $150 resistance as if saying, “I do love a good challenge.”
The Aave bulls: Not quite out of the fog, darling
Since the rather unglamorous dip to $125 on April 9th, these bulls pranced a commendable 26.2% rally in just a fortnight. Meanwhile, Bitcoin [BTC]—the market’s dour wallflower—managed a 22% rise. How quaint.
As any keen observer will note, altcoins generally cling like eager understudies to Bitcoin’s every move.
Yet, our enchanting AAVE showed no explosive vigor on its own—its OBV failed to throw a raucous party of new highs, hinting that the buying crowd was more of a polite gathering than a riotous bash.
So, those pinning hopes on a roaring rally might have to keep their champagne on ice and pray for an influx of eager buyers soon.
The RSI, that dear indicator of mood swings, modestly poked above the 50 mark, suggesting a flirtation with bullish momentum. But beware—a mere flirtation without commitment is just a tease, possibly just riding on Bitcoin’s coattails.
Most tantalizingly, the $190 mark looms like the jealous ex, the latest lower high of the 2025 downtrend, and thus the must-see target for this little drama.
The 1-month liquidation heatmap—a veritable map of temptation—shows $182 and $191 as the most magnetic dance floors above current prices. Such hotspots surely attract the curious and the bold.
Closer in, the $173 and $149 levels are rather quaint little stages where price pirouettes might occur.
Zooming into the 1-week heatmap, $166, $159, and $149 form the trio of tempting temptresses where price might catch its breath or do a dramatic reversal.
Put it together, dear reader, and it seems Aave is setting its sights higher—possibly sashaying toward $190 in the coming days, exactly where the 1-day chart plays coy with a lower high.
But beware! The $170 area could play the part of a pesky chaperone, potentially forcing our courageous bulls into a brief retreat down to $159 or $149—a marvelous occasion for opportunistic buyers to dive in like it’s the last dance.
So yes, evidence for short-term optimism exists, as long as our bullish friends don’t run out of steam. A break beyond $190 requires a sustained demand, and alas, AAVE was looking a touch shy in that department at press time.
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2025-04-24 04:12