AAVE is on the way to its positive price trajectory and is eyeing a surge in its value, in line with the entire crypto market. Now, the crypto market is turning bullish because Bitcoin and major altcoins like Ethereum and XRP are moving in an upward direction. The experts are also predicting a bullish reversal for AAVE. If a successful breakout occurs, then it will lead to a $390 zone.
At the time of writing, AAVE is trading at $354.60 with a 24-hour trading volume of $735.8 million and a market capitalization of $5.39B. The AAVE price over the last 24 hours is showing stability, but over the last week, it is up by 15.19%.
Bullish momentum builds: AAVE poised for $390 test
A prominent crypto analyst emphasized that one of the top decentralized finance (DeFi) tokens, AAVE, is regaining strong upside momentum and trading around $352.90. The upswing follows several weeks of lateral movement, with buyers at last overcoming the $330 resistance point, which has been suppressing price increases of late. The breakout has been interpreted as a significant technical move, reflecting regained confidence in the asset.
Bullish momentum is gathering pace; traders are focusing next on the $370 to $390 region as the next significant resistance area. If such success is achieved, it could open up the possibility of some sustained rally, at least provided general sentiment across the market among Bitcoins and altcoins stays positive. Support-wise, next up are levels of $309 through to $295, which should provide some cushion should momentum drop back or profit-taking gain traction.
Short-term traders are closely monitoring a systematic configuration. They identify the optimal entry region between $340 and $350, targeting potential gains at $370, $385, and above $390. A stop-loss at $309 serves as the risk control measure, providing downside protection while accommodating the trend’s natural movement.
Analysts place equal emphasis on risk management, even in rapidly changing markets like DeFi. They recommend reducing exposure to just 2–3% of the portfolio per trade, as sudden price movements continue to occur. Momentum is back with AAVE, so the next few days will tell if bulls are able to keep the pressure up and push the token up to higher levels, or if resistance near $370 remains hard to breach.
