Aave Price Breakout Spikes 10% to $137 Ahead of $200 Target

Aave (AAVE) has broken out of its consolidation phase and is now targeting higher prices, according to recent market data. The token's price surged nearly 10% in a short period, reaching $137 as buyers reclaimed a resistance band that had capped AAVE for weeks.

This breakout arrives alongside renewed strength across the DeFi segment, with the protocol's V4 expansion providing a tangible catalyst behind the token's repricing. Aave V4 deposits have reached approximately $419.8 million by August 19, marking another increase from earlier August levels.

The key support for AAVE is now at $120-$125, while the bigger target sits near $200-$210. A move to $200 would represent roughly 46% upside from current prices. The daily RSI has moved above 80, indicating aggressive buying and increasing the probability of a short-term consolidation or retest.