AAVE crypto traders should watch out for THIS key support floor!

Aave [$AAVE] has decisively cleared the $130-supply zone that has been in place since February 2026. The rally from Wednesday, 19th August, took the DeFi token’s price from $87.54 to a peak of $145.09. This hinted at remarkable 65.7% move in under five days.

Bitcoin [$BTC] and the wider crypto market’s momentum helped bolster Aave’s market sentiment. At the same time, news that Aave V4 deposits crossed $500 million on 19th August and crossed $800 million at press time also reflected market confidence.

Active loans crossed $216 million too. Together, these allude to sizeable capital migration to the new architecture and real borrowing demand, a positive sign for Aave and DeFi liquidity.

A minor price pullback on the charts

Bitcoin‘s price momentum has slowed down in recent days. The $80K-$82K resistance zone has been tough to crack. At the same time, $AAVE’s price slipped from its $145 local high to $124 at press time.

The swing structure was bullish following the move above $118.87 (green). Additionally, the $120-$130 area has been a supply zone since February. It appears to have been flipped to support.

The OBV was trending higher since July to showcase steady buying pressure, and the RSI’s reading of 66 reflected momentum that was still bullish.