$AAVE unexpectedly rose 13.16% in a day, reaching $94.32. This is the strongest increase for this token in weeks.
What’s happening?
AAVE is leading the DeFi group’s recovery momentum after a prolonged correction period. The current price has returned to the highest range since the beginning of May, suggesting that capital is starting to show renewed interest in major lending protocols.
3 most important facts:
- AAVE is up more than 13% in just 24 hours, with trading volume also rising sharply versus the average.
- Price is breaking above the key resistance zone around $85 – $88.
- The overall DeFi market is showing signs of a mild rebound, while BTC is still moving sideways around the $60k range
Next scenario:
Bullish: If AAVE holds the $90 – $92 zone and volume continues to remain steady, a retest of the $100 – $105 range is entirely possible. Bearish: If price is quickly pushed below $88 – $90 with weak volume, a deep pullback is very likely to appear.
What’s happening?
AAVE is leading the DeFi group’s recovery momentum after a prolonged correction period. The current price has returned to the highest range since the beginning of May, suggesting that capital is starting to show renewed interest in major lending protocols.
3 most important facts:
- AAVE is up more than 13% in just 24 hours, with trading volume also rising sharply versus the average.
- Price is breaking above the key resistance zone around $85 – $88.
- The overall DeFi market is showing signs of a mild rebound, while BTC is still moving sideways around the $60k range
Next scenario:
Bullish: If AAVE holds the $90 – $92 zone and volume continues to remain steady, a retest of the $100 – $105 range is entirely possible. Bearish: If price is quickly pushed below $88 – $90 with weak volume, a deep pullback is very likely to appear.