AAVE Price Flatlines at $134: Pullback to $129-$131 Expected Before Next Leg Higher
AAVE's price action has stalled at $134 after an intraday rejection from $140.19, indicating a probable dip to the $129-$131 demand zone before bulls reload.
The moving average stack remains pristine, with the 200-day MA at $96.89, the 50-day MA at $104.61, and the 20-day MA at $123.47. However, momentum has hit a wall, with the MACD histogram zeroed out completely, signaling that the impulsive energy behind this rally has exhausted itself.
The current setup fits the classic mid-cycle consolidation pattern seen across leading DeFi protocols after sharp recoveries from deep drawdowns.
Key levels exposed include the $140-$140.19 zone, which is both the intraday high and immediate resistance on the chart. A decisive daily close above $140.50 would clear resistance and open up a runway to the Bollinger Band upper band at $150.12.