AAVE Surges 24% in Explosive Rally, Breaking Key Resistance Levels

AAVE’s explosive rally broke through multiple resistance levels with increasing trading volume, particularly during the late-night hours when it surpassed the $250 psychological barrier.
The cryptocurrency has established support around $240 while consolidating above $263, suggesting potential for further upward movement as institutional interest grows amid broader market developments.
This performance comes as Bitcoin approaches new all-time highs and public companies continue increasing their cryptocurrency holdings, with firms like Strategy Corp planning to raise $84 billion for Bitcoin purchases.
Technical Analysis Highlights
External References