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Aave Above $100 and the Uneasy Arithmetic of DeFi Lending There is something almost ceremonial about a crypto asset reclaiming a round number.
AAVE crossing back above $100 this week, after a stretch of consolidation in the low-$90s, has been treated by the technical commentariat as a meaningful shift — the moving averages flipping bullish on the shorter horizons, the MACD histogram fattening, the Bollinger midline yielding.
Traders are now eyeing $104 to $108 as the next overhead band, with $97 as the floor the bulls cannot afford to surrender. All of that is fair reading of the tape. But the chart is the easy part of this story.
The harder part sits behind the ticker, in the protocol itself. Aave is not a memecoin or a layer-one with grand cosmological ambitions.
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