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$AAVE Rebounds to $218 After Breaking $210 Support — Can DeFi’s Bluechip Recover Its Momentum?

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$AAVE shows signs of stabilization after sliding below key support earlier this week. The token currently trades at $218.55, up slightly from its daily low of $207.41, but still down 3% over the last 24 hours.

📊 Market Snapshot:

• Price: $218.55 (-3.06%)

• 24h Range: $207.41 – $225.56

• Volume: ↑ 40% above 7-day average

• RSI: 42 — neutral to slightly bearish

📈 Key Levels:

• Support: $207 – $210

• Resistance: $225 – $230

• Breakout Zone: above $235

💡 What’s Driving $AAVE:

• Recent 16% weekly decline amid market-wide correction.

• Institutional DeFi arm Horizon surpassed $450 M in RWA lending volume — strong on-chain fundamentals despite price weakness.

• Traders eye potential rebound if $AAVE closes above $225, which could confirm a short-term recovery.

🚀 Outlook:

Holding above $210 could spark a move back toward $230–$235.

However, failure to sustain current levels risks retesting $200 support.

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