AAVE Forms Bullish Setup with Potential Surge Above $230

Key Insights:

• AAVE confirms bullish setup, signaling potential rise above $230 after tapping demand zone.
• AAVE’s ecosystem shows growth, reaching $3M weekly revenue, $56B in total deposits.
• Aave Horizon expands rapidly, now over half a billion dollars, boosting DeFi adoption.

AAVE has shown a strong bullish setup, sparking speculation that it may surge past the $230 mark. The cryptocurrency is displaying a clean structure, confirming a break of structure (BOS) and tapping into an imbalance zone. 

Technical Indicators Suggest Bullish Momentum

AAVE’s price action is signaling a potential upward movement. According to market analysts, the BOS has been confirmed, and the asset has recently tapped into a Fair Value Gap (FVG). These technical indicators suggest the formation of a bullish trend.

The 23% impulse leg has been completed, indicating that the price might continue its upward trajectory. Currently, the focus is on how AAVE behaves around the 215–210 price zone. This area is viewed as a solid demand pocket, which could lead to further upward momentum. 

If AAVE holds steady around these levels, the next target could be a surge past the $230 range. As of the time of writing, Aave was trading at $210.75 with a 24-hour trading volume of $368.98M. Aave saw a decline of 3.84% in the last 24 hours.

Growth in Aave’s Ecosystem and Revenue

Despite AAVE’s current price being significantly below its all-time high (ATH), the project’s fundamentals remain strong. Aave has reached new milestones in its ecosystem, including a notable increase in weekly revenue. 

The platform is now generating over $3 million in weekly revenue, showing solid growth. Aave has seen its total deposits rise to $56 billion. 

While the AAVE token itself is still down about 66% from its 2021 ATH and 39% from December 2024, these numbers highlight the strength of Aave’s platform. Borg_Cryptos highlighted that “One day, AAVE will explode with a possible 200-300% run in a few days.” This growth potential adds to the optimism around AAVE’s future.

Aave Horizon’s Expansion Drives DeFi Adoption

Meanwhile, Aave’s foray into real-world assets (RWA) with Aave Horizon is also contributing to its increasing importance in decentralized finance (DeFi). Aave Horizon’s growth has been rapid, reaching over half a billion dollars in just ten weeks.

This growth is noteworthy, as Aave Horizon focuses on lending for real-world assets, expanding the DeFi space beyond traditional digital assets. The success of Aave Horizon is becoming an essential factor in Aave’s long-term development. 

Further strengthening the platform’s position in the DeFi market. As more users turn to Aave Horizon, the platform’s overall adoption and utility are expected to continue growing.