- AAVE price is consolidating as the market waits for clarity on the recovery.
- The rsETH recovery plan addresses $246 million in bad debt resulting from the Kelp DAO exploit.
- Immediate resistance lies at $100 as governance implementation is driving the outlook.
The price of the AAVE token is currently at $97.13, down 0.3% over the past 24 hours, while the broader market remains slightly positive.
This divergence has kept AAVE in focus, not because of widespread weakness, but because traders are waiting to see if the proposed recovery plan is designed to restore rsETH collateral after the crisis. Exploitation of seaweed DAO It can be implemented cleanly.
The key question is whether recovery efforts are able to remove the uncertainty quickly enough to allow the token to reclaim the $100 mark and hold above it.
rsETH’s collateral redemption plan takes center stage
The main motivation behind the current setup of AAVE is the proposed technical plan to rebuild rsETH collateral after the exploit related to Kelp DAO.
The vulnerability left around $246 million in bad debt across Aave and Compound, creating pressure for a coordinated solution rather than a simple market fix.
The proposed plan is designed to restore support for rsETH and minimize the fallout without spreading losses to users.
– Avi (@avi) April 28, 2026
At the heart of the proposal is a governance-led process across Ethereum and Arbitrum.
The plan calls for temporary oracle modifications and liquidation of the attacker’s sites in a controlled manner. This makes recovery efforts more organized, but also more dependent on implementation.
Traders are now watching the proposal as a practical test of whether the Aave protocol can repair the collateral damage without taking more risks.
In the short term, this uncertainty has kept morale measured, even though the plan itself aims to stabilize the regime.
AAVE price forecast
AAVE’s near-term outlook now depends largely on how the recovery plan develops.
Technically, immediate support is near $96. The token has already spent some time near that area, and failure to hold it could shift the market tone toward caution once again.
A drop below $94 would be even more worrying because it could indicate that the market is no longer treating recovery efforts as a near-term stabilizing force.
The broader technical picture also shows that AAVE is consolidating rather than trending strongly.
Its current level is close to the 30-day simple moving average of $96.95, supporting the idea that the market is waiting for confirmation before committing to a stronger directional move.
What matters next
Market participants will be looking for approval of temporary changes needed to support the recovery, as well as signs that the recovery of collateral is progressing without delay.
If these milestones are reached, AAVE may gain enough confidence to challenge the $100 level again.
Trading volume also shows that the market is engaged but not yet convinced.
The recent 24-hour volume of $254.39 million reflects active participation, but not a widespread rush into the token. This usually means that the market is waiting for a clearer signal before taking stronger positions.
