- Aave (AAVE) shows bullish potential as the market sentiment starts to turn positive.
- Analyst Ali Martinez predicts AAVE could soar to $3,500 if it breaks current resistance.
- AAVE’s price action signals a possible breakout, drawing attention from traders and investors.
Aave (AAVE) has been in the trading and being noticed as the market shifts from bearish trend to slightly bullish trends. This market has shown positive trends today after it had given low results for the past few days. Now, analysts have shifted their focus on AAVE, as the upward movement of its price could mean a surge soon.
In an X recent post on Friday, analyst Ali Martinez discussed an important technical setup for Aave. Martinez pointed out that the last time the price of AAVE surpassed the TD Sequential resistance trendline in the monthly chart was in June 2020. This breakout caused an amazing increase of 6400% to the 1.618 Fibonacci retracement level. Now, AAVE is once again touching this important line of resistance.
AAVE’s Potential Price Surge
Martinez’s view on this is that if it is to penetrate the current price wall, it could reach a high of $3,500. These basics, together with the historical price analysis of AAVE, show that a significant price increase has followed similar patterns in the past.
The daily chart of Aave also provides a fundamental basis for this strategy as it indicates a bullish outlook. After experiencing a slight bearish trend, AAVE has started its bull run again and is now looking to consolidate around historical, psychological resistance levels. As of press time, AAVE is trading at $325.07, showing a 4.3% increase over the past day.
Source: TradingView
The following weeks will be rather decisive for Aave, which is testing the price above the resistance and trying to strengthen the bullish trend. Hence, investors are keen to see if AAVE is capable of moving beyond the current resistance level and starting to establish new all-time highs.
Related: Aave Price Prediction 2025-35: Will It Hit $5,000 by 2035?
Thus, the current situation and Aave’s price activity suggest that it is one of the most prospective tokens to consider in the context of the current market rebound. If the wall of resistance is breached, AAVE may skyrocket to $3,500, demonstrating its significance in DeFi.
