BITmarkets Team
Jun 17, 2026
The question now is whether this recovery can develop into a sustained uptrend or if it remains a temporary rebound within a broader consolidation phase.

AAVEUSD - 1 Week Time Frame
After forming a local low at $57.82, AAVE moved sideways for several days, indicating a potential accumulation phase. It then began forming higher highs and higher lows, which from a technical perspective confirmed a transition into a short-term uptrend. From this low, the price has risen by more than 30%, with AAVE currently trading around $75.74.
The nearest and most important support area is located at $63.88. The market has already tested this level, and buyers managed to defend it, making it a key reference point for maintaining the current structure. Ideally, higher-timeframe candles would continue closing above this zone. A sustained close below it could signal a break in market structure and may increase the likelihood of a deeper correction.
If the market fails to hold this area, attention could shift to the secondary support zone around $53.76. Once again, buyer activity at this level may prove decisive. Holding this support and subsequently moving higher could indicate an attempt by the market to stabilize and potentially resume its recovery.
At the same time, it is important to account for the possibility of a short-term move below this level, as liquidity may still exist beneath the structure. What matters most is whether higher-timeframe candles can close above these support zones, ideally above the primary support at $63.88. Otherwise, the risk of further downside may increase.
If AAVE maintains its current momentum and buyers continue to support the market, the first major upside target could be the resistance zone around $102.10. This area has historically attracted selling pressure, making it an important level to monitor.
Should price move above this level, confirmation of the breakout would become important. This would typically involve candles closing above the resistance zone and subsequently holding above it during any pullback. If such a scenario develops, the next resistance area near $116.36 could come into focus, a level that previously triggered significant selling pressure.
The final upside target currently being monitored sits near $125.74, another area where the market faced rejection in the past. If AAVE reaches this level, traders may once again look for confirmation through sustained closes above the zone. Such price action could strengthen the bullish outlook and potentially open the door to further gains.
From a broader perspective, AAVE's recovery is unfolding within the still-cyclical decentralized finance (DeFi) sector, where sentiment and liquidity can shift rapidly. While the current structure favors buyers, the sustainability of any upward move may ultimately depend on broader market conditions, continued protocol adoption, and AAVE's ability to maintain its position as one of the leading on-chain lending platforms.
Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.