AAVE Charges Up 24%, Shattering Important Resistance Levels

AAVE Rockets 24%, Clears Key Resistance Levels on Surge in Institutional Activity

AAVE experienced a powerful 24% rally, smashing through several resistance points amid rising trading volumes, especially during late-night sessions where it crossed the pivotal $250 mark.

The token now finds solid support near $240 and is holding steady above $263, signaling potential for continued upward momentum as institutional investors ramp up exposure amid strengthening market conditions.

This rally aligns with Bitcoin’s push toward new record highs and growing corporate interest in crypto assets, exemplified by Strategy Corp’s ambitious $84 billion fundraising plan for Bitcoin acquisitions.

Technical Overview:

• A clear bullish trend with higher highs and higher lows, breaking key resistance levels supported by increasing trading volume, as per CoinDesk Research analytics.
• Peak activity between 11 PM and 2 AM saw volumes hit 232,392 units while surging past the $250 psychological threshold.
• Support is firmly in place at $240, while $267.65 remains a key resistance target.
• Consolidation range between $262.12 and $267.54 features heightened volatility around 2:47 AM.
• Volume peaks at 2:42 and 2:50 AM indicate growing institutional interest.
• Higher low pattern formation observed since 3:19 AM, with a price move from $263.57 to $264.78 at 3:27 AM, pointing to renewed buying strength.
• AAVE holds above $263, preparing for another attempt to challenge $267.65 resistance.