Aave Price Surges Toward $200 Amid Potential Burn and Strong Momentum

Aave's price has surged toward $182 after hitting an intraday high of $187.50 on October 2, putting the $200 level within reach as daily momentum strengthens.

The token is approaching a significant resistance level at $187.50, with $200 sitting just above it on the daily technical grid.

Stani Kulechov, Aave's founder, has mentioned that a burn is under consideration for Aavenomics 3.0, which could further fuel the price increase.