AAVE has captured attention following a bullish breakout on its price charts. Prominent analyst Crypto_Jobs shared insights on X (formerly Twitter), pointing to strong technical patterns and robust fundamentals backing AAVE’s price upward momentum.
He noted that the token displayed a clean breakout and retest, with the possibility of a substantial rally in the days ahead. However, analysts are monitoring AAVE as large-cap tokens like Ethereum (ETH) and Chainlink (LINK) also show promising trends in the pre-bull market phase.
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AAVE Chart Analysis: Breakout Validates Bullish Continuation
The 4-hour AAVE chart reveals a breakout from a descending triangle pattern, a structure often associated with bullish reversals. The price of AAVE successfully broke through the triangle’s downward-sloping resistance and retested the breakout point, confirming its validity.
Moreover, analysts have identified a strong support zone around $290–$300, where price consolidation formed a robust base. A long-term ascending trendline further reinforces AAVE’s bullish trajectory.
Resistance levels are evident at $362–$364 and the $390–$400 range. These levels align with projected targets if the breakout continues its upward momentum. While volume details are not directly displayed, the price action suggests strong bullish momentum. Analysts anticipate a potential move toward the $400 mark, provided the overall market environment remains favorable.
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Cup and Handle Formation on the AAVE Chart
In the shorter 5-minute timeframe, AAVE’s price has formed a cup-and-handle pattern, a classic continuation signal. The rounded base of the cup demonstrates diminishing selling pressure, while the handle represents a period of consolidation before the next upward move. The breakout from this structure could propel the token toward its target price of $395–$400, in line with the 4-hour chart’s analysis.
Support zones at $330–$340 are holding steady, while $360 remains a critical immediate resistance. A surge in liquidity around these patterns suggests strong buyer interest as the token approaches its breakout target.
Tweet Emphasizes Fundamentals and Broader Market Trends
Crypto_Jobs highlighted AAVE’s robust fundamentals and its inclusion in a list of tokens with potential buying activity. The analysis aligns with the broader market narrative that liquidity is beginning to flow into large-cap tokens such as AAVE, Ethereum, and Chainlink. The author expressed confidence in AAVE’s potential to lead a market rally during the pre-bull phase.
As market sentiment grows increasingly positive, AAVE’s technical setup and strong fundamentals position it as a token to watch in the short term. If the trends persist, AAVE could pave the way for broader market momentum across other large-cap cryptocurrencies.
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