Aave’s token (AAVE) jumped more than 8% in intraday trading on April 13, 2026, pushing its price back toward the $96 mark after a decisive bounce from a key technical support zone.
The sharp price increase, which saw AAVE rebound from the $90-$95 demand area, was confirmed by price data from CoinGecko. The move represents a potential reversal signal after a prolonged period of selling pressure where the asset had been printing a series of lower highs, according to technical analysis of its recent chart patterns.
This downtrend had stabilized near the well-defined support level, where buyers stepped in with significant volume. The 8% surge suggests that selling momentum has been exhausted in the short term, a dynamic also seen in the broader DeFi sector, which has shown signs of bottoming out alongside a stable Bitcoin price.
What happens next is a potential retest of the psychological $100 resistance level. A successful reclaim of this level could attract further momentum from traders and confirm a short-term bullish trend reversal, potentially boosting sentiment for other assets in the Ethereum-based DeFi ecosystem.
This article is for informational purposes only and does not constitute investment advice.
