Aave’s native token AAVE rallied 14% over the past 24 hours to $188 on Tuesday as the broader crypto market rebounded from the steep early week selloff.
The move marked one of the strongest daily gains among major DeFi assets, outpacing the CoinDesk 5 Index’s 8% gain over the same period.
The rally was fueled by a sharp break above the $175 level during the US trading session, with volume surging 295% above average in a single hour, CoinDesk Research’s technical analysis tool noted. Overall, AAVE posted an intraday range of $24.90, rising from $164.28 on strong trading activity, representing an increase of 35.66% compared to its seven-day average.
Technical indicators confirmed the momentum. AAVE recorded three higher lows before pushing above $183.80 support and reaching a session high of $188.26, with spikes in volume reinforcing bullish control.
Adding to the sentiment was Aave’s expansion into 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 wider audience and leverages low-cost infrastructure while connecting centralized exchange liquidity with decentralized loan markets.
“By bringing Aave’s lending marketplaces to Mantle’s high-performance network with direct access to Bybit’s exchange, this integration makes transparent, onchain financing available globally to institutions worldwide,” said Stani Kulechov, founder of Aave Labs.
Key technical levels to watch
- Support/Resistance: Immediate support sits at $183.80; next resistance at $190.00 psychological level.
- Volume analysis: Breakout confirmed by 35.66% increase in trading volume, signals strong participation.
- Chart Patterns: Uptrend with clean breakout above $175 suggests continued strength.
- Objectives and risk/reward: Next upside target is $190.00 with a potential extension to $195.00; downside risk remains limited while holding above $183.80.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI policy.
