AAVE Jumps 30% After Breaking Sideways Range
The Essentials at a Glance
- Aave (AAVE) gained 30% in just four days.
- The price broke out of a three-week sideways phase.
- Resistance levels at $320 and $332 could pose short-term obstacles.
- A pullback to $285 is considered a potential entry point for traders.
- Technical indicators point to sustained demand.
Strong Breakout After Sideways Phase
Aave has seen a significant recovery in recent days. After a three-week consolidation between $240 and $280, the price successfully retested the lower range boundary at $240 on June 6. Subsequently, the price surged by around 30% within four days to the current level of $313.
This breakout marks a clear trend reversal. The market has shown a bullish structure since early May, after Aave had previously given back all gains from the rally at the end of 2024.
Technical Analysis: Momentum Favors AAVE
The technical picture confirms the upward trend. The Relative Strength Index (RSI) shows stable upward momentum without signs of overheating. The On-Balance Volume (OBV) indicates consistent buying pressure – a positive sign for the sustainability of the move.
Additionally, heatmaps on Coinglass reveal that many liquidations were triggered in the $240 to $280 range. These zones acted like a “magnetic” price target, which Aave has now clearly left behind.
Resistance Levels and Possible Pullbacks
In the short term, Aave faces two key resistance levels: $320 and $332. These levels could temporarily slow down further gains. If a pullback occurs, a drop into the $285 range – just above the former range high – could be a potential entry point for swing traders.
Such a pullback could be used to gather new liquidity and prepare for the next leg up.
You should read that too:
-
Lucky 7 Slots – Best Slot Machines With the Lucky Number 7Reading time: ~ 3 minutes
-
Holiday Slots: The Best Holiday-Themed Slot Games
Reading time: ~ 3 minutes
-
The Best Jackpot Slots & Casinos 2025
Reading time: ~ 3 minutes
-
Best Cluster Pay Slots & Casinos 2025
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
Bitcoin as a Supporting Factor
Bitcoin’s price also contributed to Aave’s strength. BTC rose from $105,500 to $110,500 on Monday. This move strengthened the overall market environment and helped AAVE break through resistance levels quickly.
What Traders Should Watch
Monitor the price zones at $285 and $300. A pullback into this area could present a new buying opportunity. At the same time, it is important to analyze the reaction to the resistance levels at $320 and $332. If Aave manages to break through these levels, a further increase is conceivable.
Our Assessment
Aave currently shows strong momentum. The breakout from the sideways phase, supported by technical indicators and the broader market environment, suggests a continuation of the uptrend. Short-term pullbacks are possible but could serve as entry opportunities. Those trading AAVE should closely monitor the mentioned price zones and watch for confirmation through volume and market structure.
Sources
- TradingView
- Coinglass
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Wanted Dead or a Wild or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 35x free spins winnings | |
| Minimum deposit | 0.0002 BTC |
| Maximum bet | 0.0002 BTC |
| Bonus validity | 7 days |
- Make sure to add our exclusive bonus code before you deposit to claim the offer.
- Slots count 100%, all other games 5%.
| Wagering requirements | None |
| Maximum cashback | No limit |
| Bonus validity | 14 days after receiving |
- Offer available for the first, second, or third crypto deposit.
- Cashback is calculated based on net crypto losses for the day of deposit.
- Cashback is credited daily for up to seven days after a qualifying deposit.
- Cashback is paid as real money with no wagering or upper cap.
Advertising transparency