- AAVE has consistently maintained the $300-$301 support zone, with higher lows, indicating demand from buyers ahead of $330 – $338 resistance.
- Price stability above the 50-day EMA at 302.87 adds to the bullish continuation thesis, with momentum building towards $346-$351 – with possible upward to $360.Â
- Stochastic RSI is oversold at 9.69/7.22 suggesting buyers are becoming exhausted and increasing the probabilities for a break out rally higher
AAVE has defended the $300 support level multiple times, and price is now pushing upward toward the critical $330–$338 resistance band.
Bulls Defend $300 as Price Coils for Expansion
Analyst BullishBanter observed that $AAVE has consistently held firm at the $300–301 zone, with long lower wicks and quick reclaims marking strong demand. This defense has allowed the asset to print higher lows after the falling-wedge correction, creating conditions for a potential breakout.
The immediate bullish path calls for intraday stability above $305–$312, which could trigger a squeeze into $322–$326. From there, the chart points toward a direct challenge of the $330–$338 supply band, where sellers are expected to react.
If bulls manage a 4H close above $338, the structure flips in their favor. Such a move would unlock $346–$351 as the next target zone, with extended potential to $360 should momentum accelerate.
Technical Indicators Suggest a Rebound Could Be Forming
The daily chart places further attention on the 50-day EMA at 302.87, which is currently being tested. This level acts as dynamic support, and price holding above it strengthens the case for bullish continuation. A breakdown below the EMA, however, risks shifting the short-term outlook back toward sellers.
Momentum indicators are falling in favor of the bullish case. The Stochastic RSI is at 9.69/7.22, in extreme oversold territory. The implication is that selling pressure is likely reducing. Typically, we have seen this type of pricing close to key support levels many times before and typically end up with a bounce.
The confluence of oversold momentum and stability near the EMA creates a pivotal technical setup. Unless price breaks below $300 on a 4H close, bulls retain the initiative, and the $330–$338 barrier becomes the decisive test for the next leg higher.
