Aave (AAVE) Surpasses $318 Resistance, Eyes $380 Target in V-Shaped Recovery

Aave (AAVE) has recently broken above a critical resistance level at $318, marking a significant milestone in its V-shaped recovery from the April lows of $170. The breakout is supported by strong on-chain volume and a favorable technical structure, indicating a potential continuation of the upward trend toward the $380 level, last seen in December 2024 [1].

The price movement has been characterized by a clear reversal pattern, with the 9-day exponential moving average (EMA) rising above the 50-day simple moving average (SMA), forming a dynamic support structure that reinforces the bullish momentum [1]. This technical alignment suggests the continuation of a sustained upward trajectory, particularly as the token consolidates gains above the $318 resistance.

Market participation has also shown strength during the recent price test. Healthy trading volume has accompanied key price actions, signaling increased market confidence in the token’s ability to hold above previous resistance levels [1]. Analysts have noted that the current price action aligns with the characteristics of a continuation pattern, with the V-shaped recovery remaining intact [1].

The next key target for Aave, assuming the $318 level holds, is the $380 region. This level is considered a measured move target based on the depth of the April correction and aligns with historical resistance levels that previously capped price advances [1]. If Aave fails to maintain the breakout, a pullback toward $299 or the $270–$280 range is likely, where prior support and key moving averages converge [1].

At the time of reporting, Aave trades at $305.43 with a 24-hour trading volume of $417.13 million, reflecting a 16.89% gain over the past seven days [1]. This performance underscores the resilience of the token amid broader market volatility and highlights the potential for further upside in the near term.

Source: [1] Aave Targets $380 as V-Shaped Recovery Breaches Key $318 Resistance

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