Aave’s price recently crossed the 340 USD resistance level, currently trading at 355.01 USD, marking a significant 15.69% increase in just 24 hours. Analysts suggest that if resistance points are cleared, Aave could soon test the 500 USD mark.
The platform has witnessed a substantial jump in daily active users and new addresses, indicating growing confidence in Aave’s ecosystem. With open interest rising to 414.61 million USD by 25.10%, traders are increasingly betting on its upward potential, which could reinforce its bullish trend.