Aave (AAVE) has experienced a significant surge, rising over 21% to reach $312. This substantial jump in price is accompanied by a massive 212% increase in trading volume. The bullish momentum extends across the cryptocurrency market as Bitcoin and Ethereum also hit new highs. The overall crypto market surged by 2.77%, with major altcoins like AAVE capturing gains, ranking among the top performers. 24-hour data reveals AAVE’s price jumped by over 21.20% to reach $314.78, breaking through resistance levels between $260.12 and $313.90. The current trading price is around $312.09 with a market cap of $4.69 billion. Notably, the daily trading volume surged by 212%, reaching $811 million according to Coinglass data. Meanwhile, a substantial $5.44 million liquidation of AAVE occurred in the market during this timeframe. Analysts are now pondering if AAVE’s impressive run can continue or if a pullback is looming on the horizon. Can bulls sustain the upward trend, exceeding the $316.56 resistance level and testing the crucial $320 level? If momentum persists, the golden cross – a bullish signal – may occur, driving prices higher. Conversely, a bearish shift in sentiment could see AAVE’s price fall to around $309.74. Further downside pressure could trigger a ‘death cross’, leading to a steeper decline below the crucial support at around $305. The MACD line for AAVE is above the signal line, indicating bullish momentum. Chaikin Money Flow (CMF) with a value of 0.41 suggests strong buying pressure. AAVE’s Bull Bear Power (BBP) reading of 64.99 highlights the dominance of bulls in the market. The RSI value at 86.33, while positive, sits in overbought territory, which could signal a potential pullback or correction in price.