Aave Price Soars as Record Lending Demand Reaches $213 Million
The Aave (AAVE) price continues to exhibit a bullish structure as buyers defend support and target a breakout from its current consolidation. Despite a 5.11% loss over the last 24 hours, AAVE is trading at $127.25 with a 24-hour trading volume of $402.66 million and a market capitalization of $1.96 billion.
Crypto analyst Crypto With Gopal notes that buyers are defending the $126.3 support zone, keeping the broader uptrend intact despite recent sideways movement. A sustained hold above this support could provide bulls with the foundation needed to challenge the key resistance level of $133.7.
If the price breaks through $133.7, it could boost the AAVE price's positive sentiment and help it reach the target zone between $140 and $144. However, for bulls to achieve this goal, they must manage to hold onto $126.3 and not allow the setup to become vulnerable.