Aave Smashes Through $150 Barrier – Bulls Charge Ahead

Defi’s favorite playground token just punched through a key resistance level—now the real fun begins. Can it sustain momentum, or is this another classic crypto pump waiting for bagholders? Liquidity miners, start your engines.

Aave bulls are not out of the woods yet

Source: AAVE/USDT on TradingView

Since registering the lows at $125 on the 9th of April, AAVE bulls have driven a 26.2% rally in two weeks. By comparison, Bitcoin [BTC] was up 22% in the same period.

It is also well known that the altcoin market generally follows the trends of BTC.

The token individually did not exhibit remarkable strength. The OBV had not made new local highs, which meant that buying pressure was subdued.

Hence, investors and traders hoping for a sustained rally will have to hope that buying volume increases shortly.

The RSI climbed above neutral 50 to indicate a bullish momentum shift on the chosen timeframe. Without signs of accumulation, this momentum shift means little, as it could just be a by-product of the BTC move.

The $190 level marked the most recent lower high of the downtrend in 2025, making it this rally’s target.

Source: Coinglass

The 1-month liquidation heatmap showed that the $182 and $191 levels were the strongest magnetic zones above the market price. The liquidation levels here made for an attractive target for AAVE.

Closer to the price, the $173 and $149 levels were also interesting regions.

Source: Coinglass

Zooming in on the 1-week heatmap, the $166, $159, and the $149 levels emerge as short-term price targets that could see a price reversal.

Putting the liquidation heatmap clues together, over the coming days, Aave is likely to climb higher toward $190. This level coincided with the 1-day chart’s lower high.

On the way there, the $170 region could stall the bulls. It might even force a retracement as deep as $159 or $149. Such a price dip would likely present a buying opportunity.

Traders have the evidence to be bullish in the short term, but a breakout beyond $190 would require sustained demand, which AAVE did not possess at press time.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion