AAVE's price has recently shown strong bullish signs; however, it is currently encountering a key resistance level that traders are closely monitoring.
AAVE Price: Breakout without Retest
AAVE spent some time below the $290 mark, but on July 9, it broke through and started climbing. Traders expected a pullback to $291.50 for confirmation of support, but this did not occur, and the price surged directly to resistance at $315.
Double Rejection Slows Progress
The area around $315–$317 has proven tough to overcome for AAVE, with two attempts met with resistance reflected by long upper wicks on the candles, indicating aggressive selling. Without a strong move above this zone, the uptrend could pause or even reverse in the short term.
What’s Next for AAVE?
According to analyst CryptoChiefs, if AAVE can finally flip $315 to support, the next significant test will be the $330 level. If resistance holds again, AAVE may dip back toward the support zone near $294.
The upcoming candles for AAVE will set the tone for potential breakout attempts. Traders are closely watching for further developments.
