Foreign media reports that AAVE has risen approximately 8% in the past 24 hours, with both futures trading volume and open interest expanding, indicating a significant increase in focus on this range in the derivatives market. As prices approach levels that have repeatedly proven unfavorable in recent months, the market is watching to see if it can establish a clearer direction.

Futures trading volume increased significantly

The article mentions that AAVE futures trading volume increased by more than 165% in 24 hours, and open interest increased by 27%. Such simultaneous increases usually indicate the entry of new funds, rather than just short-term fluctuations caused by short covering.

From a market structure perspective, when prices rise, both trading volume and open interest expand simultaneously, often indicating that traders are positioning themselves in advance for the subsequent direction. The article argues that this also reflects a recovery in market sentiment towards the DeFi sector compared to the previous period.

$120 to $125 is attracting attention.

According to the article, since forming a temporary bottom in June, AAVE has gradually raised its lows and recovered some short-term moving averages. The current price is testing the $120-$125 range, which coincides with a long-term downtrend line and sideways selling pressure.

The article argues that if the daily chart effectively closes above $125, the downward trend that has persisted for the past few months may be broken, and the market may then focus on the $140-$150 range. If it fails to break through, the AAVE may re-enter a consolidation phase, with the $95-$100 area serving as the first major support zone.

DeFi fund inflow becomes the background

In addition to the price chart, the article also mentions that AAVE, as a leading project in decentralized lending protocols, typically benefits from the return of funds to DeFi. While there are currently no new protocol-level catalysts, the overall improving market environment is providing support for this type of asset.

The article argues that if crypto market sentiment continues to stabilize and funds continue to flow back into DeFi, AAVE is likely to maintain a relatively active market performance. However, its short-term direction still depends on whether it can break through the current resistance zone.