Aave is flashing some interesting signals on the weekly chart right now. According to Rose Premium Signals, AAVE has pulled back perfectly into the 0.5–0.618 Fibonacci retracement zone, which sits around the $200 area. This zone has acted like a magnet for buyers in the past, and once again it’s proving to be a critical support level.
The chart shows how Aave’s price bounced strongly after dipping into this Fibonacci pocket. This reaction suggests traders are seeing value at these levels and stepping in with fresh buy orders. Rose Premium Signals pointed out that confirmation of a bullish breakout could come if Aave closes above the 0.236 Fibonacci level, which is around $260. Right now, Aave price is already near $260.72, and it’s up by more than 14% this week alone.
@VipRoseTr / X
What makes this setup exciting is the clear roadmap the chart provides for potential targets if the bullish momentum takes hold. The first mid-term target sits at around $363.74. If Aave can maintain momentum and continue breaking higher, the next levels on the radar are $425.55 and then $482.87. These targets line up with measured moves projected from the current consolidation pattern and previous swing highs.
Key Levels AAVE Traders Should Watch
Looking closer at the chart, the Fibonacci retracement levels show exactly where buyers stepped in. The 0.5 retracement around $200 and the 0.618 retracement just below it acted as a floor for the recent correction. This box of support is the zone Rose Premium Signals highlighted as critical for Aave price to hold above if the bullish scenario is to play out.
Meanwhile, the 0.236 level near $260 is acting as a pivot point. If Aave can sustain a weekly close above this area, it will signal to traders that buyers are back in control. This confirmation could open the door for a big move to the upside.
Aave Price Mid-Term Targets
Based on the chart, if the bullish continuation unfolds, the first milestone is around $363.74. This level represents the first major resistance and would already deliver a solid upside from the current AAVE price. Beyond that, the next potential stops are at $425.55 and $482.87, offering exciting opportunities for those looking for mid-term trades.
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Rose Premium Signals stressed that these targets depend on Aave maintaining strength above the support box and breaking out above the 0.236 Fib level. As long as the price holds this bullish structure, there’s a good chance Aave could rally sharply toward these levels in the coming months.
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The post Aave Price Eyes Next Rally as Bulls Defend Critical Support Zone appeared first on CaptainAltcoin.
