AAVE’s price has surged an impressive 118% from $121.75 to $265 since April 9. This rally coincides with the launch of Aave v3 on Aptos, signaling a significant expansion into a non-EVM Layer 1. The market is watching this price movement closely, as technical indicators suggest a parabolic rally. However, momentum indicators appear to be cooling, raising questions about sustainability. AAVE’s total value locked (TVL) recently hit an impressive $40.3 billion. Furthermore, Chainlink’s SVR coverage expanded from just 3% to 27%, potentially boosting confidence in AAVE’s growth. Investors should analyze these developments to gauge whether AAVE can break past the $300 threshold and further solidify its place in the DeFi landscape.