The price of AAVE approaches a critical resistance level following a swift rebound from its recent lows.

Analysts' forecasts align with real-time chart movements, suggesting a potential breakout in the near term. With the momentum of the altcoin season increasing, AAVE continues to attract attention due to its significance in decentralized finance (DeFi) and its strong technical setup.

Experts are monitoring the range of $269-$280, which may determine the next direction for the token. If the momentum continues, the price of AAVE could rise towards the $308-$330 area.

The rise in AAVE's price reflects previous expectations.

Cryptocurrency analyst Zen, known as @WiseAnalyze, updated his forecasts for AAVE after the price increase that matched his previous expectations.

On May 14, Zen predicted a move between $254 and $266, which occurred faster than anticipated. The cryptocurrency dropped to $211.6 before reversing and rising to $282.8, confirming the bullish pattern he outlined.