AAVE Price Breakout Could Send It Towards $100-$102
According to Crypto With Gopal's analysis, Aave (AAVE) is forming a falling wedge on its four-hour chart, indicating that selling pressure may be easing. If the price breaks above the $92-$94 resistance zone, it could confirm renewed bullish momentum and shift market sentiment higher.
The contracting structure of the falling wedge suggests that buying interest is increasing, creating conditions for a potential reversal. A breakout above this resistance zone could propel the AAVE price towards its target zone of $100-$102.
Aave's role in tokenized gold and real-world assets is also gaining strength as DeFi adoption expands. The protocol has surpassed other decentralized finance (DeFi) protocols in terms of tokenized gold deposits, accounting for over 50% of the total supply.