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AAVE Breaks Resistance as DeFi Market Hits Record $219B Size
The native token of the largest DeFi lending protocol is showing strong momentum despite short-term profit taking above $290.
Oct 3, 2025, 6:03 p.m.
What to know:
- Top DeFi lender Aave (AAVE) rebounded strongly on Friday afternoon, breaking key resistance levels and gaining 6% this week.
- The broader DeFi market hit a record $219 billion in assets, with Aave's deposits climbing to $74 billion.
- Technical indicators suggest upside potential, though resistance remains firm between $290-$294.
Aave , the native token of the largest decentralized finance (DeFi) lending protocol, strongly rebounded from last week's lows breaking through key resistance levels on Friday afternoon.
The token gained another 2% over the past 24 hours and is up 6% this week. It has established support at the $284-$285 levels, while it's currently consolidating around $290.
STORY CONTINUES BELOW
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The move occurred as the broader crypto market rallied, with gains across the board and bitcoin breaking above $122,000, inching closer to its August record high. The broader DeFi market also accelerated, hitting a $219 billion in assets across protocols, a fresh record level, DeFiLlama data shows.
Deposits on Aave also climbed to a record $74 billion, cementing its top position among DeFi protocols, per DeFiLlama data. The platform enjoyed fresh inflows due to a recent partnership with up-and-coming stablecoin-focused chain Plasma. The Plasma lending market on Aave swelled above $6 billion in less than a week.
Technical Analysis Shows Strong Momentum
Technical indicators point to upside potential despite short-term profit-taking pressure at current levels, the CoinDesk Data research model shows. However, resistance levels hold firm between $290-$294 following repeated rejections.
- Price gains 2.33% in 24-hour session.
- Trading range spans $15.17 between $279.16 and $294.33 extremes.
- Volume spikes to 143,188 units, well above 37,000 average.
- Support level confirmed at $284-$285.
- Resistance zone established between $290-$294.
- Intraday high reaches $290.37 before reversal.
- Consolidation pattern develops at current levels.
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