AAVE gained attention after a bullish breakout on its price charts. Leading analyst Crypto_Jobs shared his insights on X (formerly Twitter), citing strong technical patterns and solid fundamentals supporting the upward momentum of AAVE price.
He noted that the token showed a clean breakout and retest, with the potential for a significant rally in the coming days. However, analysts are keeping an eye on AAVE as large cap tokens such as Ethereum (ETH) and Chainlink (LINK) are also showing promising trends in the pre-bull market.
AAVE Chart Analysis: The breakout confirms the continuation of the uptrend
The 4-hour AAVE chart shows a breakout of a descending triangle pattern, a structure often associated with bullish reversals. AAVE price successfully broke the downward sloping triangle resistance and retested the breakout point, confirming its validity.
Moreover, analysts have identified a strong support zone between $290-$300, where price consolidation forms a strong base. The long-term uptrend line reinforces AAVE’s upward trajectory.
Resistance levels are evident at $362-$364 and the $390-400 range. These levels correspond to expected targets if the breakout continues its upward momentum. While volume details are not shown directly, price action indicates strong upward momentum. Analysts expect a possible move towards the $400 level, provided the overall market environment remains favorable.
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Cup and handle formation on the AAVE chart
On the shorter 5-minute time frame, AAVE price formed a cup and handle pattern, which is a classic continuation signal. The rounded base of the cup shows declining selling pressure, while the handle represents a period of consolidation before the next upward move. A breakout from this structure could push the token towards the target price of $395-$400, in line with the 4-hour chart analysis.
The $330-$340 support areas remain firm, while the $360 level remains a critical immediate resistance. The increase in liquidity around these patterns indicates strong interest from buyers as the token approaches its breakout target.
A tweet that emphasizes fundamentals and broader market trends
Crypto_Jobs highlighted AAVE’s strong fundamentals and listed it as a token with potential buying activity. The analysis is consistent with the broader market narrative that liquidity is starting to flow into large-cap tokens such as AAVE, Ethereum, and Chainlink. The author expressed his confidence in AAVE Ability to lead a market rally during the pre-bull phase.
With market sentiment growing more positive, AAVE’s technical setup and strong fundamentals position it as a token to watch in the short-term. If these trends continue, AAVE could pave the way for broader market momentum across other large cryptocurrencies.
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