A medida que AAVE supera los $ 340, ¿serán los $ 500 los siguientes para la altcoin?

• Aave broke a key resistance as bullish momentum increased, targeting $500 amid recovery.
• Network activity and rising open interest signaled strong support for sustained growth.

Aave [AAVE] saw increasing momentum as it approached a crucial consolidation breakout level, signaling a possible surge in price. At the time of writing, Aave was trading at $355.01, up an impressive 15.69% over the past 24 hours.

With market conditions improving, analysts believe that Aave could test the $500 level soon. However, it needs to overcome critical resistance levels to maintain the bullish momentum.

Does AAVE Price Action Indicate an Uptrend?

The price rose after breaking out of a descending channel, which shows a strong bullish sentiment. The price moved decisively above the $340 resistance level, a key area that previously limited its growth.

Moreover, the daily chart indicated a clear upward trajectory, with higher highs and higher lows. The next resistance near $380 will determine whether the token continues this rally or faces a temporary pullback.

Is network activity supporting AAVE growth?

Daily active addresses on the network have increased significantly, showing a 36.70% increase over the past seven days. This growth signaled increased user activity and interest, essential to sustaining price increases.

Furthermore, the number of new addresses has increased by an impressive 52.28%, indicating new adoption on the platform. These metrics therefore highlighted the growing confidence in the token’s ecosystem.

However, maintaining this pace will be critical to long-term growth.

Do the transactions reflect bullish sentiment?

The total transaction count reached 4,329 in the past 24 hours, an increase of 1.55%. This increase, although modest, aligns with the increase in trading activity and the market recovery. Back then, Aave was attracting both traders and long-term investors.

Stronger growth in this area could further validate the bullish sentiment and solidify market confidence. Therefore, monitoring this trend is critical in the coming days.

Is market sentiment in favor of Aave?

Open interest has increased by 25.10% to $414.61 million, reflecting a growing speculative interest in the token. This increase indicated that traders were betting on Aave’s potential to continue rising.

This rising open interest aligns with the current bullish price action, supporting the argument for sustained growth.

However, the continuation of the bullish momentum will depend on whether market participants remain optimistic.

Read Aave [AAVE] Price Prediction 2025-2026

Aave is well positioned for a breakout, supported by bullish price action and increasing on-chain activity. With market sentiment improving and key metrics aligning, Aave seems likely to test the $500 level.

However, breaking through the $380 resistance will determine its near-term trajectory. Therefore, sustained growth will require constant network activity and strong market support.

This is an automatic translation of our English version.