$AAVE

Here's the latest update on Aave (AAVE) as of May 18, 2025:

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📊 AAVE Market Snapshot

Current Price: $221.01 USD

24h Change: -0.03%

24h High / Low: $229.24 / $220.50

Market Cap: Approximately $3.33 billion USD

24h Trading Volume: Around $227 million USD

Circulating Supply: 15.12 million AAVE

Over the past month, AAVE has experienced a significant surge of nearly 59%, indicating strong bullish momentum.

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🔥 Recent Highlights

Record Deposits: Aave's total deposits have reached an all-time high of $33.4 billion, surpassing previous records set in 2021. This surge is attributed to growing investor optimism and increased capital inflow into the DeFi sector.

Bullish Breakout: Recently, AAVE experienced a notable price breakout, climbing from $204 to over $244 within a few days, marking an 8.1% increase. This movement has been described as a "textbook breakout" by market analysts.

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📈 Technical Outlook

Analysts suggest that AAVE is exhibiting strong bullish momentum. Key resistance levels to watch include $242 (short-term), $251 (mid-term), and $270 (major resistance). The current price action indicates a potential for continued upward movement, provided the bullish sentiment persists.

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🧠 About Aave

Aave is a decentralized, non-custodial liquidity protocol that allows users to lend and borrow cryptocurrencies. It operates on the Ethereum blockchain and offers features like flash loans and yield-generating markets. The AAVE token plays a central role in the protocol's governance and can be staked to earn rewards. #LaunchpadWars