AAVE has officially broken above its descending trendline, signaling a potential shift in market structure and the beginning of a bullish phase. Following a prolonged downtrend, the asset has also formed a rising channel, suggesting accumulation and a build-up of momentum. With two key resistance levels ahead—$228.96 and $277.66—price action indicates a clear path toward the next major target at $289.
If this upward momentum continues, AAVE may retest its previous swing highs, supported by increasing volume and buyer interest. The breakout structure suggests that a reversal may already be underway, and if macro market conditions remain favorable, AAVE could be one of the standout performers in the coming weeks. $AAVE