Cryptocurrency markets saw strong bullish momentum in multiple altcoins this week, with Aave (AAVE), SPACE ID (ID), and o1.exchange (O) leading the gains. AAVE maintained its position as a standout performer, drawing attention from market analyst Javon Marks, who highlighted the token trading near a historically significant support zone after an earlier falling wedge breakout. According to Marks, the long-term target for AAVE could reach $528, supported by protocol fundamentals and rising revenue.
Aave’s 2026 protocol revenue has already exceeded $61.29 million, surpassing its entire 2025 total, signaling strong on-chain activity. In the shorter term, AAVE is eyeing the $90 resistance level, with buyers defending key support and preparing to challenge higher ranges. SPACE ID (ID) extended its bullish momentum after reclaiming crucial technical levels, while o1.exchange (O) continued its recovery, breaking above major resistance zones.
Marks also pointed to a potential altseason as the OTHERS/BTC ratio rebounds, suggesting broader altcoin strength. Traders are closely monitoring these assets for breakouts, while each coin faces significant resistance that could decide the next directional move.
