Aave’s recovery remains weak as the price continues to face rejection near $100–$105, with momentum and capital inflows showing no strong bullish confirmation.
Rising exchange reserves alongside declining protocol activity suggest increasing sell pressure, making the current bounce fragile and vulnerable to further downside.
Aave has been under intense pressure following the recent KelpDAO exploit, which exposed vulnerabilities across the broader DeFi ecosystem. The attacker reportedly used a bridge-related flaw to mint fake collateral, borrow real ETH from Aave, and leave behind bad debt estimated at nearly $280 million. The impact was immediate—AAVE price, which was struggling to hold above $115, dropped sharply toward the $85 zone.
Now, even as price attempts a recovery above $93, the underlying signals tell a different story. Capital flows, exchange reserves, and protocol-level activity are no longer aligning with a typical recovery phase, raising concerns about the strength of this bounce.
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