**AAVE** has seen a more than 70% increase in price, driven by the descending triangle pattern's breakout. The $80 demand zone has proved itself to be robust; despite several dips, it has not lost its resilience.
The price over the long term seems bullish, as the price of AAVE has managed to sustain above the 50-day and 200-day EMA bands over the past few months.
Aave price is displaying signs of stepping into a bullish market phase for the longer term. As of writing **AAVE**, the trend shows a possible target of $153 and $160.42. If the pace continues, it may hit $200, marking a gain of over 50% by the September-end.