Aave (AAVE), a leader in DeFi, has shown strong price action recently. With its latest price around $357, it’s gaining attention for its consistent development and community support.
Key Insights
1. Market Trend: $AAVE is in a bullish phase, supported by high trading volumes and strong fundamentals.
2. Support Levels: $340, $320 – good zones for buyers.
3. Resistance Levels: $375, $400 – these could test the upward movement.
4. Catalyst: The recent V3 upgrades have improved borrowing/lending efficiency, boosting user adoption and confidence.
Next Move
If $AAVE holds above $340, it may break $375 and aim for $400+. However, a dip below $320 could signal short-term weakness.
Strategy: Watch for a breakout above resistance levels or accumulate near supports.
Disclaimer: This is not financial advice. Please do your own research before investing.
