Aave’s native token AAVE surged 14% in the past 24 hours, climbing to $188 as the broader crypto market recovered from a sharp early-week sell-off. The move made AAVE one of the strongest performers among major DeFi assets, outperforming the CoinDesk 5 Index’s 8% rise during the same period and drawing increased attention from traders seeking high-momentum plays.
The rally accelerated after AAVE decisively broke above the key $175 level during U.S. trading hours. Trading volume spiked 295% above its hourly average, signaling strong participation from both retail and institutional traders. According to CoinDesk Research’s technical indicators, AAVE recorded an intraday range of $24.90, jumping from $164.28 and marking a 35.66% volume increase compared with its seven-day average.
Momentum indicators also pointed to a firmly bullish structure. AAVE established three consecutive higher lows before pushing above the $183.80 support zone and reaching a session high of $188.26. Repeated volume surges further reinforced positive sentiment and suggested that buyers remained in control throughout the session.
Adding to the upside pressure was Aave’s expansion to Mantle (MNT), an Ethereum layer-2 network closely linked to Bybit’s 70 million-user ecosystem. The integration aims to bring Aave’s decentralized lending markets to a broader global user base by leveraging Mantle’s low-cost infrastructure and direct connection to centralized exchange liquidity. Aave founder Stani Kulechov noted that the collaboration advances scalable, transparent on-chain finance for institutional users worldwide.
Key price levels suggest that AAVE now holds immediate support at $183.80, with resistance sitting at the psychological $190 mark. If bullish momentum continues, traders are eyeing an upside target of $190 with a possible extension toward $195. Downside risk remains limited as long as AAVE maintains support above $183.80.
This combination of technical strength, surging volume, and fundamental catalysts positions AAVE for continued attention from traders and investors as market conditions stabilize.
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