AAVE Breaks Through $311 on Regulatory Tailwinds, Gains 25% Since Monday
AAVE surged 3.8% in the past 24 hours, breaking through the critical $311.50 resistance level as momentum in the DeFi sector accelerates. The token is now up 25% since the start of the week.
The rally was fueled by comments from U.S. SEC Chair Mark Atkins, who hinted at the possibility of regulatory relief for decentralized finance protocols during a roundtable discussion. The news injected fresh optimism into the space, prompting traders to rotate into DeFi tokens.
CoinDesk Research’s technical analysis flagged a bullish breakout supported by volume surging 140% above average. AAVE found strong support at $302.50 before entering a sharp uptrend. Analysts are now watching for a sustained move above $312 to confirm the trend.
