Aave Price Recovery Hinges on Breaking Key Resistance

Aave's price has been steadily recovering from its cycle high of $426.32, where it fell 81% in value.

The current short-term momentum remains positive, with AAVE trading approximately 15% above its 4-hour Simple Moving Average (SMA) at $70.81 and a Relative Strength Index (RSI) of 67.05.

Despite the positive technical performance, the daily SMA 100 near $89.44 remains a significant resistance level for AAVE's price to overcome.

The protocol's push into institutional finance through its Horizon platform has attracted attention from traditional finance, with Standard Chartered setting a long-range price target of $3,500 by 2030 based on the expansion of tokenized real-world assets and greater institutional participation across DeFi markets.