Aave Price Prediction: Token Trades at Steep Discount to Actual Value Locked

Aave has been one of the largest lending protocols in DeFi since its inception in 2017, now boasting a massive TVL of $18.166B and earning real revenue from borrowing and lending activity.

Despite its size and market cap, AAVE currently trades at a steep discount to its actual value locked in the protocol, which could be a bullish signal for investors looking to make a long-term bet on the token.

The daily chart shows that AAVE is still respecting a rising trendline, with resistance stacked at $145.29, $163.85, and $180.31. However, if the price reaches the support zone of $122.72 and volume returns, it could clear these levels and push toward $180.31.

The weekly chart shows that AAVE broke out of a long descending channel and cleared its upper boundary on strong volume, before pulling back down to retest that same broken boundary as support. If the ascending channel's upper boundary holds as support on the retest, with volume returning, it could push onto clear $153.26, then $211.74, and $250.51 further out.