Aave (AAVE) rebounded significantly, gaining 2% in the last 24 hours and 6% this week. Support is firmly established at 284-285 USD, while AAVE is currently consolidating around 290 USD.
The broader crypto market is experiencing a rally with Bitcoin (BTC) surpassing 122,000 USD, approaching its August high. The DeFi market has reached a record of 219 billion USD in assets.
Technical analysis indicates strong potential for AAVE despite short-term profit-taking pressures. Resistance levels are noted between 290-294 USD, while the trading volume has surged significantly.
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