AAVE Price Surges as Analyst Sees Breakout Above $100 Imminent

AAVE's price is nearing $100 as analyst Michaël van de Poppe identifies two key breakout signals on its chart. According to the analyst, AAVE's pattern of higher highs and higher lows suggests that it could move above $100 within one to two weeks if bullish momentum continues.

The altcoin was trading around $96.50 at the time of writing, just below the closely watched $100 resistance zone. Market observers often consider round-number price levels important because they can attract increased trading activity and profit-taking.

Van de Poppe highlighted AAVE's improving market structure and consistent trend of higher lows as evidence that a breakout is imminent. He noted that buyers have successfully defended support in the low-$90 range, allowing the token to maintain its broader recovery trend while approaching resistance.