š AAVE Breaks Resistance and Gains Strength with Optimism in the DeFi Sector
AAVE broke the technical resistance at $311.50 with strong volume, rising 3.8% in 24h and accumulating a 25% increase over the week.
š„ The movement was driven by positive comments from the SEC about regulatory relaxations in the DeFi sector, which excited investors and attracted liquidity to the token.
š Technical analysis shows:
Strong support between $302.35 and $302.52
Volume exceeding 179 thousand units in 12h UTC, over 140% above the average
Formation of an ascending channel and Fibonacci retracement at 38.2%, signaling possible continuation of the uptrend
š The token consolidated between $312ā312.60, suggesting stabilization before a new leg up.
š¬ Analysts are now discussing targets of up to $1,000 in the long term, with solid fundamentals and a relevant role in the global DeFi ecosystem.
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