The cryptocurrency token Aave (AAVE) has broken out of a descending wedge pattern and has experienced a resistance break, indicating a potential rally towards $350. The token is currently trading at $239.74 with a daily gain of 5.26%. This breakout is significant as it signifies the clearing of important resistance levels. The market will be watching to see if AAVE can sustain this breakout and overcome key resistance levels. The next major resistance levels are at $250 and $280, with the ultimate breakout target at $350. If AAVE cannot hold the $220 level, it may retest lower support levels at around $200. Traders are on high alert for confirmation above $250, which could further fuel the rally towards $350. The next few trading sessions will determine if AAVE can sustain its breakout and potentially reach the $300 range. Traders should monitor signs of continuing action or rejection.



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