AAVE Surges 9.6% in 24 Hours: Breakout or Blow-Off?

AAVE has surged by 9.6% in just 24 hours, with its price now pressing against the upper band of its Bollinger Bands at $137.08.

This sudden move has raised questions about whether it's a breakout or a blow-off, especially considering that big candles don't guarantee free passes.

The DeFi sector backdrop is also worth noting, as AAVE tends to be the first institutional ticket punched when liquidity rotates into DeFi blue chips.

However, momentum is sending mixed signals, with the RSI hovering in neutral territory after a sharp vertical move and the MACD histogram printing zero - a flat read after a positive crossover setup.

The immediate resistance at $139.75 is the next line of battle, and if AAVE can break through that level on volume, the strong resistance level at $144.58 opens up as the near-term target.