AAVE Price Poised for Surge Above $230 Amidst Bullish Setup

Cryptocurrency analysis firm has identified a bullish setup for AAVE, suggesting a potential price surge above the $230 mark. The setup is fueled by robust ecosystem growth, reaching $3 million weekly revenue and over $56 billion in total deposits. Key technical indicators indicate upward momentum as the asset breaks through structural resistance and taps into an imbalance zone. AAVE’s bullish trend is bolstered by the completion of a 23% impulse leg, suggesting further price increases. Analysts are closely monitoring price action around the 215-210 price zone, which holds significance as a potential demand pocket for sustained growth. AAVE currently trades at $210.75 with high trading volume, highlighting investor interest in the asset’s potential.