Crypto
AAVE Surges Past $132 Resistance, Eyes $150 Psychological Target
AAVE has broken above its key $132 resistance level, pushing its price to $139.09 after an 11.25% surge over the past 24 hours.
The token's strong futures buying and the liquidation of short positions have reinforced its bullish momentum, with buyers dominating market orders and clearing approximately $1.48 billion in bearish exposure.
As AAVE extends its recovery, it now faces a key psychological resistance at $150, which bulls aim to push toward if they maintain control above $132.
The token's improving price action coincides with significant growth in network deposits, reaching $30 billion according to recent reports, highlighting the scale of capital flowing through the lending protocol.