The price of AAVE Token recently broke through the $340 mark, attracting widespread attention in the market. This article will conduct an in-depth analysis of AAVE's price movement and market structure from a technical perspective.

Price analysis shows that AAVE is currently operating near the upper Bollinger Band, but there is a volume vacuum zone above the important price level, which may indicate that bullish forces are weakening.

Key Price Range Analysis:
1. The area around 302.5 USD is an important value anchoring zone, with the largest trading volume concentrated here, and the bullish strength is quite apparent.
2. The range of $296.9-303.2 is the high trading volume area of the past two weeks, with about 60% of the trades completed here. A pullback to this range may find support.
3. There is a low volume gap around $354.7-356.1 and $341.9-343.4, which may become trigger points for a rapid price breakout or drop.
4. The core range of $284.2-327.9 covers 70% of the trading volume, and the current price is approaching the upper edge of this range, which may face adjustment pressure in the short term.

Momentum analysis shows that buying power is weak near $354.7, while buying power remains dominant above $302.5. However, the 1-hour open interest has slightly decreased, indicating signs of short-term capital withdrawal, and caution is needed for potential false breakouts.

From the market cycle perspective, AAVE is still in a mid-term upward channel, and the current phase can be seen as a consolidation adjustment within a bull market.

Based on the above analysis, investors may consider the following strategies:
1. Aggressive strategy: Set a long position above $342.6, target price $354.7, stop loss set at $339.
2. Conservative strategy: Wait for the price to pull back to the range of 302.5-303.2 USD, confirm the buying strength before entering, target 327.9 USD, stop loss at 298 USD.
3. Conservative Strategy: If the price drops below $339 and the trading volume increases, consider shorting, with a target of $335 or $330 and a stop-loss at $342.8.

It is important to note that if the daily close falls below $311 (Bollinger middle line), the above strategy may become invalid.

For market makers, it is recommended to provide liquidity in the high transaction range of $296.9-$303.2, while placing a small number of orders above $354.7-$356.1 to capture potential breakout行情.

Overall, AAVE is currently at a critical position, and investors need to closely follow the price movement and changes in trading volume, adjusting their strategies in a timely manner based on market reactions. The DeFi market is still full of opportunities, but caution is also needed to deal with potential risks.