AAVE Breaks Out, Bulls Aim for $1,000 – Technical Analysis Shows Explosive Potential

After a textbook cup and handle pattern breakout, AAVE is experiencing explosive price action. The asset’s monthly chart on Binance confirms its ascent, pushing past the key resistance zone at $360-$380. Analysts see this as a bullish signal, with targets of $800-$1,000 in sight. 4-year long-term support levels have been broken and technical signals align with a strong upward trend. TVL surge to over $70 billion further supports the bullish momentum. 23.78% monthly gain this August is indicative of this rapid growth.