AAVE, the governance token powering one of DeFi’s most trusted lending platforms, is showing strong signs of a macro-level breakout. Currently trading at $262.28, up nearly 4% in the past 24 hours, AAVE price has not only recovered from its recent lows but is now setting its sights on the $300+ range, backed by both technical signals and on-chain fundamentals.
The move comes as Aave officially enters Phase 3 of its integration with Chainlink’s Sustainable Value Recovery (SVR) system. The expansion allows Aave to capture a larger portion of MEV (Maximal Extractable Value), increasing protocol revenue while enhancing liquidation efficiency.
Phase 3: Chainlink x Aave SVR Integration Is a Big Deal
As announced by Chainlink and reposted by Aave, the community has unanimously approved the rollout of Phase 3 of Chainlink SVR. This expansion now covers 75% of Aave’s Ethereum total value secured (TVS), which accounts for 95% of its MEV-relevant TVS.
SVR allows Aave to recapture liquidation-related MEV, splitting it with Chainlink to generate additional revenue. This adds a new income stream for the protocol while reducing systemic risk, a bullish signal for long-term sustainability.
READ MORE: Ripple Unveils “Permissioned DEX” To Trade On XRPL Using Verified Credentials
Notably, SVR-activated markets now encompass all ETH-correlated assets and USDC, thereby deepening Aave’s liquidity pool and enabling it to act more effectively as a stablecoin sink.
This is a label echoed by Aave founder Stani Kulechov, who highlighted that 50–70% of DeFi’s active stablecoins are now held on Aave.
AAVE Price Breakout Confirmed, Targets Ahead
Technical analysts are also sounding the alarm on AAVE’s upside potential. As highlighted by a crypto analyst on X, the AAVE price has broken out of a multi-year falling wedge, a strong bullish reversal pattern.
According to the chart, the token has surged +400% from the bottom and is currently retesting higher support, a textbook setup for continuation. The next technical targets lie at $300 and above, with a larger move possible due to the current low volatility environment.
Looking at the short-term chart from CoinMarketCap, AAVE saw a dip to around $252.26 before bouncing steadily and maintaining upward momentum through the trading day. Volume is also up 4.13%, a slight increase that further supports a bullish continuation.
As things stand, AAVE’s price has strong support at the $245–$255 range and resistance at the $300 level. A clean break and close above $270 could trigger acceleration, especially if on-chain metrics continue to rise.
Expect high volatility in the near term; however, as long as AAVE holds above $250 with sufficient volume, the broader trend remains bullish.
READ MORE: Polkadot Price Prediction as it Loses Key Support as Users Fall
