AAVE Rallies 17% to $175, Testing New Support Levels

Aave [AAVE] surged over 17% on September 29, climbing from approximately $149 to above $175 and breaking through previous resistance levels. The rally persists despite competition from US Treasury yields exceeding 5%, which typically challenge DeFi lending platforms. Analysts are now watching to see if the $150–$155 range can hold as a new support floor. Additionally, a risk proposal to adjust borrowing conditions for certain assets was presented on September 28.