Analyst Sees Aave and Uniswap Prices Heading to Range Highs

Crypto analyst Daan Crypto Trades is positive about two DeFi tokens he has been watching for some time: Aave and Uniswap. According to him, both coins show relative strength compared to the broader market and have resumed their respective price ranges with a bullish local market structure. The analyst holds the positions as spot and is deliberately playing the long-term game.

Aave is available at OKX and Bybit.

Bullish setup for Aave and Uniswap

On the daily charts of both coins, it can be seen that they are in a range. Aave is currently trading around $87.26 and has the range high at $118.68 as its upper target. The range low around $84.96 serves as the main invalidation level. For Uniswap, the current price is at $3.24, with the range high at $4.19 as the next target and the range low of $2.84 as the point below which the narrative changes.

Daan Crypto Trades states that the market structure of both tokens has locally turned bullish, and that they also show relative strength. That is a sign that major DeFi protocols are still being taken seriously by the market, even though fewer groundbreaking new technologies have emerged in this cycle. However, the charts show that there has been considerable volatility in recent months.

Bitcoin and Ethereum as crucial prerequisites

The analyst indicates that the success of these DeFi positions strongly depends on what Bitcoin and Ethereum do. Bitcoin is currently at $62K and the analyst sees $60.000 as a critical threshold. If Bitcoin falls below that, it will drag the entire market down. For Ethereum, $1.500 is the level to watch.

Despite that dependence on the broader market, Daan Crypto Trades continues to hold his positions in Aave and Uniswap. He sees both tokens as spot holdings for the long term. The reasoning is simple: major DeFi protocols generate millions in revenue each month, showing that they have become real, profitable businesses. That fundamental picture makes him optimistic in the longer term, even if the market remains under pressure in the short term. Want to know more about buying Aave? Read our comprehensive guide.