AAVE Breaks Through the Ceiling? Up 22% Tops Cryptocurrency Hot Search, New Highs Just Around the Corner!
With the overall recovery of the cryptocurrency market, AAVE has once again exploded, continuing its previous strong recovery trend. Long-term consolidation has allowed the bulls to gather momentum, ultimately triggering a breakthrough rise of over 20%, with buying pressure surging over 50%.
Currently, AAVE's price is approaching a key resistance level, not only likely to challenge historical highs but potentially even reaching the four-digit mark.
With whales entering the market in large numbers and institutional funds driving the momentum, AAVE's strength continues to increase. Coupled with the rising bullish sentiment in the market, AAVE's position as a core infrastructure of DeFi is further solidified, with its TVL (Total Value Locked) surpassing $24 billion, setting a new historical record for the platform, and also providing strong support for the price increase.
The popularity of DeFi lending protocols has soared, releasing a strong bullish signal for decentralized finance. AAVE has rebounded strongly from a low near $100 and seems to be accumulating strength waiting for a key breakthrough on a higher time frame (HTF).
Current trends indicate that AAVE is expected to break through the last resistance below the historical high (ATH) and challenge new highs.
AAVE's historical performance shows that after completing a parabolic rebound, the price successfully broke through the ascending wedge pattern. Although trading volume has slightly declined, the price has rebounded strongly from local lows, with a cumulative increase of over 130%. Meanwhile, the MACD and RSI indicators have turned bullish, showing golden crosses and classic U-shaped reversal patterns, releasing positive signals.
If AAVE can successfully break through the key resistance at $280, the monthly closing price is expected to stand above the $300 mark.
From a macro perspective, AAVE is experiencing a typical V-shaped strong recovery, targeting the neckline range of $422 to $443. If it successfully breaks through this area, the price is expected to enter a new phase of price exploration and may challenge historical highs, approaching the $1000 mark.
