AAVE Climbs 24%, Overcoming Significant Resistance Barriers

AAVE Rockets 24%, Smashes Resistance as Institutional Demand Builds

AAVE surged impressively, climbing over 24% and breaching critical resistance levels amid rising trading volume, especially during late-night sessions when it surpassed the psychologically significant $250 threshold.

The token has carved out firm support near $240 and is consolidating above $263, signaling potential for continued upward momentum as institutional investors increase their crypto exposure amid a strengthening market backdrop.

This rally aligns with Bitcoin’s push toward new record highs and growing corporate crypto acquisitions, including Strategy Corp’s plan to raise $84 billion for Bitcoin purchases.

Technical Snapshot:

A solid uptrend marked by higher highs and higher lows, breaking through key resistance zones on elevated volume, as shown by CoinDesk Research’s technical models.
Peak price action occurred between 11 PM and 2 AM, with trading volume reaching 232,392 units as AAVE crossed the $250 milestone.
Established support stands around $240, while immediate resistance lies near $267.65.
The price is consolidating between $262.12 and $267.54 with volatility spikes near 2:47 AM.
Volume surges at 2:42 and 2:50 AM point to growing institutional involvement.
A higher low pattern emerged since 3:19 AM, with a bounce from $263.57 to $264.78 by 3:27 AM, indicating renewed buying strength.
Price holding steady above $263, preparing to challenge the $267.65 resistance level again.