AAVE Surges 7.1% to $134 Amid Bullish Technicals

AAVE, a DeFi token, experienced a 7.1% surge to around $134 on August 24, according to CryptoRank. The 24-hour trading volume reached $777.87 million.

The technical analysis is bullish, with the MACD above its signal line and both lines above zero, indicating a strong uptrend. The daily RSI reading of 72.76 suggests overbought conditions, but the asset has shown resilience in previous instances.

The key resistance levels are $135.78-$140, while support sits at $133.21, $130, and $127.42. If buyers continue to dominate, further upside is likely, but a pullback risk exists.