Aave’s native token AAVE surged 14% in the past 24 hours to $188 on Tuesday, as the broader crypto market recovered from the sharp sell-off earlier in the week.
The move marked one of the strongest daily gains among major DeFi assets, surpassing the CoinDesk 5 index’s 8% gain over the same period.
The rally was fueled by a strong break above the $175 level during the US trading session, where volume surged 295% above average in a single hour, CoinDesk Research’s technical analysis tool noted. Overall, AAVE recorded an intraday range of $24.90, up from $164.28 due to strong trading activity, representing an increase of 35.66% compared to its seven-day average.
Technical indicators confirmed the momentum. AAVE posted three higher lows before breaking support at $183.80 and hitting a session high of $188.26, with volume spikes reinforcing bullish control.
Driving the sentiment was Aave expanding to Mantle (MNT), a layer 2 Ethereum scaling network closely connected to crypto exchange Bybit’s 70 million user base. The partnership brings DeFi lending to a broader audience, leveraging low-cost infrastructure while connecting centralized exchange liquidity with decentralized lending markets.
“By bringing Aave’s lending markets to Mantle’s high-performance network with direct access to the Bybit exchange, this integration makes transparent on-chain finance available on a global scale to institutions around the world,” said Stani Kulechov, founder of Aave Labs.
Key technical levels to consider
- Support/Resistance: Immediate support is at $183.80; next resistance at the psychological level of $190.00.
- Volume analysis: The breakout confirmed by a 35.66% increase in trading volume indicates strong participation.
- Chart Patterns: The uptrend with a clean break above $175 suggests continued strength.
- Objectives and risk/reward: The next bullish target is at $190.00 with a possible extension to $195.00; Downside risk remains limited while holding above $183.80.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI Policy.
