Aave’s price breaks above $318 resistance, supported by healthy volume and short-term bullish technical structure.
The V-shaped recovery from $170 strengthens prospects for a move toward $380 if resistance holds.
The 9-day EMA above the 50-day SMA provides dynamic support for Aave’s bullish continuation scenario.
Aave (AAVE) is at a crucial test of resistance at the high of around $318 following a long-term V-shaped recovery in the lows of April. A strong break above here may outline the way to the $380 vicinity, which was last outpaced in December 2024.
Breakout Above $318 Resistance and Technical Context
Aave’s daily chart shows price challenging a resistance area near $318, which previously halted upward moves in early July. This zone has acted as a decisive technical barrier for continuation over recent months.
Alpha Crypto Signal via X noted that the token’s V-shaped recovery remains intact and has now driven price into this horizontal resistance. The rally began in mid-April from $170, accelerating through late June after clearing the $270–$280 range.
Momentum and Volume Supporting Bullish Structure
Trading volume data reflects healthy participation, with recent sessions attracting notable inflows during the resistance test. This suggests increased market interest and readiness to sustain higher price levels.
Short-term trend indicators remain supportive. The 50-day simple moving average price is at $287 whereas the 9-day exponential moving average price is at $299. Such a correlation is dynamic and it further solidifies the existing bullish market bias.
Upside and Downside Price Scenarios
If Aave achieves a sustained daily close above $318, the next price objective aligns with the $380 region. This level represents the measured move target from the V-shaped recovery and matches historical resistance levels.
Failure to maintain a breakout could lead to retracement toward $299 or the $270–$280 range, where prior breakout levels and moving averages converge. As of writing, Aave trades at $305.43 with a 24-hour volume of $417,128,072, showing a 16.89% gain over the past week.
