After falling hard and dropping to around $273, AAVE looked like it might fall below the important $200 mark. But instead of crashing further, the price has stabilised. It’s now showing early signs that it could climb again. The next big goal on the chart is the $400 mark, a level it last reached during its recent rally.
On the 4-hour chart, AAVE has broken out of a downward pattern. This usually means the downtrend might be over. Buyers are stepping in again, and if this keeps going, the price could start climbing fast.
One key indicator called the Chaikin Money Flow has moved above zero. That means more money is coming into AAVE than going out. This shows investors are interested again and are starting to build positions.
If momentum continues, AAVE could rise to around $305 first, then maybe even $334. These are the next barriers it has to cross before aiming higher.
Apart from price charts, the fundamentals are looking strong too. AAVE’s Total Value Locked, which shows how much money is locked in the protocol, is now around $34.94 billion. A high TVL means people are using the platform more, which is a good sign for long-term value.
The daily chart also supports this bullish setup. AAVE has broken past a key resistance line here, too, not just on the short-term chart. Another important signal, called the Money Flow Index, has turned upward from the oversold zone. This shows that more buying is happening now. The Awesome Oscillator has also turned green, which means short-term momentum is finally picking up.
If AAVE can break through the resistance at $339, it might have a clear path to $400. And if the market stays strong overall, the token could even aim for $579 in the longer run.
But if things flip and sellers return, AAVE might fall back toward $223. For now, though, the signs are leaning more towards a recovery.