Aave breaks through 150 USD resistance – Is the uptrend continuing?

* The Aave bulls have achieved some modest profits over the past two weeks.

• Traders may have the opportunity to buy when AAVE drops to 150 USD.

Aave [AAVE] has witnessed a slow but steady increase in Total Value Locked (TVL) over the past few days. This indicates a growing confidence among investors and more capital being deposited into Aave's smart contracts.

The Aave team has set aside 50 million USD annually to buy back AAVE from the market, which can also help strengthen investor confidence.

Based on this news, along with the broad market rally over the past week, this Altcoin has surpassed the short-term resistance level of 150 USD.

Aave's cattle faction has not yet escaped difficulties

Source: AAVE/USDT on TradingView

Since registering a low of 125 USD on April 9, the AAVE bulls have pushed for a 26.2% increase over two weeks. Meanwhile, Bitcoin [BTC] has risen by 22% during the same period.

The cryptocurrency market often follows the trend of BTC.

This token does not show outstanding strength. The OBV index has not reached a new local peak, meaning the buying pressure is not strong.

Therefore, investors and traders hoping for a sustainable rally will need to hope that buying volume will increase in the near future.

The RSI index has crossed above the neutral level of 50 to indicate a change in bullish momentum on the selected time frame. However, without signs of accumulation, this change may just be a consequence of BTC's movement.

The level of 190 USD marks the closest recent low of the downtrend in 2025, forming the target of this rally.

Source: Coinglass

The liquidation heat map for 1 month shows that the levels of 182 USD and 191 USD are the strongest attractive zones on the market price. The liquidation levels here form an appealing target for AAVE.

Closer to the price, the $173 and $149 levels are also interesting areas.

Source: Coinglass

When zooming into the liquidation heatmap for 1 week, the levels of 166 USD, 159 USD, and 149 USD emerge as potential short-term price reversal targets.

Combining information from the liquidation heat map, in the coming days, Aave is likely to continue climbing to the level of 190 USD. This level coincides with the lower peak on the 1-day chart.

During that time, the 170 USD area could be a hurdle for the bulls, and it may even trigger a correction down to 159 USD or 149 USD. Such a decline could present a buying opportunity.

Traders have every reason to be confident in the short term, but for AAVE to break through the 190 USD level, sustainable demand is needed, which AAVE has not yet achieved.

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