🚀 Aave ($AAVE ) – Building Upside Momentum
Aave is currently trading around $256, recovering roughly 3–4% over the past day and 10% this week .
🔍 Key Drivers & On‑Chain Strength
297-0Rebound from Key Support
AAVE recently bounced off the $219–$220 level—a convergence zone defined by its 200-day EMA, 50% Fibonacci retracement, and trendline support.
That bounce has fueled a ~16% rally this week .
On‑Chain Metrics
Lending activity is booming: monthly loans surpassed $16 billion, and fees hit a record $1.37 billion, indicating healthy DeFi usage .
Bullish Derivatives Data
Aave’s long-to-short ratio is north of 1 — indicating more bullish bets than bearish on futures .
📊 Technical Outlook
Support Levels
S1: $250
S2: $242
S3: $234
Resistance Levels
R1: $266.7
R2: $274.2
R3: $282.8
A breakout above $267–$275 could open the door to $300+.
Technical Indicators
RSI is neutral (~52), MACD flat → room to run
Stoch-RSI signals a buy
📈 Near-Term Forecast
AAVE is forming a clear bullish structure. A decisive close above $266–$267 would confirm momentum, likely targeting:
TP1: $274–$275
TP2: $290–$295
TP3: $320–$325
Alternatively, a breakdown below $250 may trigger a deeper retracement toward $235–$240.
🎯 Actionable Trade Setup
Entry: $256–$260
Stop Loss: $250
Targets:
TP1: $274
TP2: $295
TP3: $325
🧠 Final Take
Aave's combination of strong DeFi usage, record lending volume, and healthy on-chain signals, along with robust technicals, suggests the potential for a continued rally. Keep an eye on the $267–$275 breakout zone, while using $250 as your risk line.
