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As AAVE rallies past $340, is $500 next for the altcoin?
Aave’s breakout rally gains strength, supported by bullish metrics and increasing market confidence.
Posted: January 21, 2025
By: Erastus Chami
Aave broke through a key resistance as bullish momentum rose, targeting $500 amid recovery. Network activity and rising Open Interest signaled strong support for sustained growth.
Aave [AAVE] experienced growing momentum as it neared a crucial consolidation breakout level, signaling a potential surge in price. At press time, Aave was trading at $355.01, up by an impressive 15.69% over the past 24 hours. With improving market conditions, analysts believe Aave could test the $500 level.
However, critical resistance levels must be cleared to sustain the upward momentum.
Source: ambcrypto.com
