AAVE has climbed back above $180 after rebounding from its mid-September lows, and market analyst Michael van de Poppe says the token could still gain another 40% to 60% before the current move stalls. The four-hour AAVE/USDT chart (see chart) shows higher highs, strengthening momentum, and price holding near recent highs.

AAVE is the governance token of Aave, a decentralized finance (DeFi) lending protocol where users lend and borrow crypto assets from shared liquidity pools, with AAVE holders voting on changes to the protocol.

AAVE Reclaims the $180 Level

The rebound began after AAVE dropped to roughly $116–118 on September 16. From that low, buyers pushed the price through $140, $150, $160, and $170 in succession before the latest advance carried it above $180, where trading has since stayed close to recent highs. Measured from that September low to the current price above $180, the recovery works out to a gain of more than 50%.

Near-term resistance now sits around $183–185, followed by the $190 level. On the downside, $180 marks the first support area. Below it, $170 remains the next level to watch, with $160 standing as a deeper support. The current structure keeps attention focused on the area around $180.

RSI and MACD Point to Strong Momentum

Momentum indicators remain elevated on the four-hour chart. The relative strength index (RSI) stands at 70.09, above its moving average of 68.04 and just under the 70 level commonly treated as the overbought threshold. The reading reflects strong momentum near recent highs, though it also leaves room for short-term consolidation or profit-taking.

The MACD offers a second gauge of the move. Its line sits at 6.47, above the signal line at 6.12, while the histogram, which measures the gap between the two, reads 0.35. The indicator therefore remains positive as AAVE trades near its recent high. Taken together, the readings place the latest price move alongside strong short-term momentum.

Van de Poppe Sees More Room Ahead

In a post on X (source post), van de Poppe — a widely followed cryptocurrency market commentator — described the chart as evidence that the market may be emerging from a bear market that has lasted more than four years. He said that stretch produced few fundamental breakthroughs in technological development, and that the picture has since changed, with new developments now appearing. He also said the broader bull market is getting started.

Against that backdrop, van de Poppe said AAVE still has 40% to 60% of potential upside before the move stalls — a projection tied to his own read of the chart rather than a settled outcome.

Key levels to watch: a break above $185 could expose $190, while a drop below $180 could bring $170 back into focus.