AAVE Price Prediction: $300+ Surge Ahead After Chainlink SVR Expansion!
AAVE Token Shows Promising Signs of Breakout Amid Chainlink Integration
AAVE, the governance token of a leading decentralized finance (DeFi) lending platform, is exhibiting strong indicators of a macro-level breakout. Currently priced at $262.28, AAVE has experienced a nearly 4% increase over the last 24 hours. The token has not only rebounded from recent lows but is now aiming for the $300+ territory, supported by both technical indicators and on-chain data.
Phase 3 of Chainlink SVR Integration: A Significant Development
In a recent announcement, Aave has officially progressed to Phase 3 of its integration with Chainlink’s Sustainable Value Recovery (SVR) system. This development enables Aave to capture a larger share of Maximal Extractable Value (MEV), thereby boosting protocol revenue and improving liquidation efficiency.
The Aave community has unanimously voted in favor of this rollout, which now encompasses 75% of Aave’s total value secured (TVS) on Ethereum, accounting for 95% of its MEV-relevant TVS.
SVR facilitates Aave’s ability to recapture liquidation-related MEV, allowing for a revenue-sharing model with Chainlink. This not only introduces a new income stream for the protocol but also mitigates systemic risk, signaling a positive outlook for long-term sustainability.
AAVE Price Breakout: Technical Analysis and Future Targets
Technical analysts are optimistic about AAVE’s potential for further gains. A crypto analyst on social media has pointed out that AAVE has broken out of a multi-year falling wedge pattern, which is typically seen as a bullish reversal signal.
The token has surged by approximately 400% from its lowest point and is currently testing higher support levels, indicating a favorable setup for continued upward movement. Analysts have identified the next key targets at $300 and beyond, especially given the current low volatility environment.
Recent data from CoinMarketCap indicates that AAVE dipped to around $252.26 before steadily climbing, maintaining positive momentum throughout the trading day. Trading volume has also increased by 4.13%, reinforcing the bullish outlook.
At present, AAVE enjoys solid support in the $245–$255 range, while resistance is noted at the $300 mark. A decisive break and close above $270 could trigger further acceleration, particularly if on-chain metrics continue to improve.
While high volatility is anticipated in the near future, AAVE’s ability to remain above $250 with adequate trading volume suggests that the overall trend remains bullish.
