Aave Price Forecast Cautiously Bullish Amid Growing Institutional Interest

Aave's recent price action has been driven by growing institutional interest in DeFi protocols like Aave. On-chain metrics indicate that trading volume has surged to $26.8 million on Binance spot markets alone, a sign of renewed attention.

The current price of $120.91 represents a 5.33% gain in the past 24 hours, suggesting market participants are positioning for a potential breakout above the $128 resistance zone. Technical indicators support this optimistic outlook, with neutral RSI levels and improving volume contributing to a cautiously bullish Aave forecast.

However, traders should remain aware that Aave still trades below its longer-term moving averages, indicating a challenging broader trend. The success of the bullish scenario depends heavily on DeFi market sentiment and Aave's ability to break through the well-defined $128.34 resistance level.