AAVE Token Surges 3.57% as DeFi Momentum Grows, Trading Volume Tops $400 Million

AAVEUSDT has experienced a 3.57% price increase over the last 24 hours, with the current price on Binance at 300.97 USDT. This upward movement is attributed to sustained bullish sentiment in the DeFi sector, positive market analysis indicating strong momentum above key exponential moving averages, and ongoing optimism following reports of the US's increasing involvement in crypto and DeFi policy. Additionally, AAVE’s leading position in the DeFi lending market, with a total value locked of approximately $26.4 billion across 17 chains, has reinforced investor confidence. Recent technical signals, such as the bounce from the $273.50 support and a daily RSI of 60.51, further support the positive trend.

Market activity remains robust, with 24-hour trading volumes exceeding $400 million on major exchanges and a market capitalization around $4.5 billion, reflecting strong engagement from traders and investors.