Aave's Price Rally: A Short-Term Gain with Long-Term Bearish Pressures

Aave, a leading decentralized finance (DeFi) protocol, has seen its price bounce by 29.7% over the past two weeks, providing some hope for long-term investors. However, despite this short-term gain, the overall trend remains firmly bearish.

The chart for AAVE shows a series of lower highs and lows since September, indicating that the bulls are still facing significant resistance. One key level to watch is $148.6, which marks the current resistance zone. If the price breaks above this level, it could signal a bullish swing structure shift and potentially lead to recovery.

On the other hand, if the price fails to break through and instead falls back below $80-$100 demand zone, it may indicate that the bearish trend is still intact. This would put the altcoin at risk of falling to $50 later this year.