The Aave token surged 4.85% to $122.52 on March 17, 2026, with trading volume spiking to $669.7 million. Analysts noted the price broke out from a descending wedge pattern but faced resistance near $120, suggesting a possible pullback to $115 support. Sustained momentum above this level could potentially drive the token toward the $250–$265 range in the coming days.
The decentralized finance token Aave has shown renewed momentum in the cryptocurrency market. It climbed to $122.52, reflecting a 4.85% increase in the past 24 hours, accompanied by a 64.27% jump in trading volume to $669.7 million.
Analysts indicate that Aave recently broke out from a descending wedge pattern, a technical formation often signaling bullish reversals. Crypto analysts GainMuse note that AAVE recently faced resistance near $120 after breaking out from a descending wedge pattern.
The price subsequently formed an ascending support line from March 12, suggesting traders may see a short-term pullback toward $115 as an opportunity to enter the market. On the one-hour chart, the token rose from the wedge before entering a larger descending channel defined by parallel downward-sloping trendlines.
According to Globe Of Crypto, Aave has also cleared horizontal resistance on the daily chart, setting up the potential for a strong rebound. Critical support zones around $110–$120 coincide with the lower boundary of the descending channel, increasing the likelihood of buyer intervention.
If support holds, analysts project that the coin could reach $250–$265 within the coming days. Conversely, a break below the channel may extend the downtrend, underscoring the importance of monitoring trading volume and breakout confirmations.
