Aave Sees 11% Surge Towards Crucial Resistance Level

Aave's price has surged by over 11% in recent days, pushing it towards the $145.55 resistance level.

The sharp rally was supported by stronger futures buying and spot outflows, with trading volume rising to $770.74 million.

Futures positioning also added another layer of support, as buyer dominance strengthened during Aave's rapid move from $86.26 towards $145.55.

However, the key test remains at $145.55, where sellers previously dominated and buyers will need to successfully break through in order to extend the recovery towards the larger $180 area of resistance.