Aave Rallies 16% to $179, Faces Resistance at $187.5

Aave (AAVE) has surged to near $179, climbing 16% over the past week, driven by the launch of new collateral options and anticipation around further protocol upgrades.

The strong advance, however, is facing resistance at $187.5, with technical momentum indicators registering extremely overbought conditions, raising the risk of a near-term reversal.

Despite this, traders remain bullish, with the expected trading range for next week set at $156.28 to $202.31, and the tokenized equities expansion and protocol proposals driving sentiment.