24% Increase Pushes Price Above $250 Amid Rising Volume and Support

AAVE has experienced a significant surge, breaking through several resistance points with a notable uptick in trading volume, especially during late-night trading sessions, when it crossed the pivotal $250 mark.

The asset has seen support develop around the $240 level while holding steady above $263. This implies a potential for further gains as institutional interest in cryptocurrency continues to rise in the context of overarching market trends.

This surge coincides with Bitcoin nearing new all-time highs and an increasing investment in cryptocurrencies by public companies, such as Strategy Corp, which aims to raise substantial capital for Bitcoin acquisition.

### Key Technical Analysis Findings
– An observable uptrend is noted, marked by higher lows and higher highs, with a breakout past various resistance thresholds supported by increasing volume.
– A notable price spike occurred between 23:00 and 02:00, coinciding with a peak trading volume of 232,392 units as AAVE punctured the $250 psychological barrier.
– The support level stands firm at $240, with immediate resistance located at approximately $267.656.
– Recent trading behavior reflects consolidation within the range of $262.120 to $267.540 over the last hour, with significant fluctuations observed around 02:47.
– The highest volume registered during the candles at 02:42 and 02:50 indicates strong institutional interest at these price points.
– A consistent pattern of higher lows has been emerging since 03:19, as demonstrated by a recent upward move from $263.566 to $264.776 around 03:27, indicating renewed demand.
– The price appears to be solidifying above $263, suggesting a possible retest of the $267.656 resistance level in the near future.