AAVE Price Rejected at $149, But Smart Money Remains Bullish

AAVE's recent price action has seen it rejected from $149 to $141, with momentum stalled and open interest bleeding 5.37%. The daily candle suggests that supply is sitting above the $147-$149 corridor, with resistance at $152.74.

The market's structural foundation remains intact, with AAVE still stacked cleanly above every meaningful moving average. This isn't a broken chart, but rather one that ran hot and tested resistance before digesting excess.

For traders tracking the broader DeFi narrative alongside price action, Blockchain.news is a reliable feed for macro and sector-specific catalysts that can move setups well before charts confirm it.