AAVE soars to $264, up 21% in 24 hours! DeFi leader takes off, is it a pump by the whales or a bull market tailwind?
Bull News:
$AAVE current price $264, skyrocketing 21% in 24 hours, trading volume explodes to $750 million, market cap $3.98 billion! Strong rebound from $213.6, hot discussions on 'The return of the DeFi king, is $300 within reach?'
Why the crazy surge?
Whale manipulation: On-chain data shows smart money buying at $213-$220, pushing it up to $264, hot discussions on 'Whale controls the market, FOMO boosts it'!
DeFi frenzy: Aave V3.3/V4 upgrade, $210 million liquidation with no bad debts, Grayscale increases holdings, hot discussions on 'DeFi replacing TradFi'!
Bull market assistance: Bitcoin stabilizes at $100,000, greed index at 71, DeFi sector trading volume surges, $AAVE takes off!
When will the whales dump? How far can it go?
Dumping risk: Large holders reducing positions at $260-$270, MACD golden cross slows, dropping below $250 could test $230-$220.
Upward potential: Stabilizing at $264, breaking through $270 could reach $300-$335, Q3 bull market might look at $400!
Key observations: On-chain sell-offs, spot volume, RSI dropping below 50 increases rebound probability.
How to read the K-line?
$AAVE stands at the middle Bollinger band ($260), MACD golden cross, RSI at 60 is strong. Support at $250, resistance at $270-$280. Short-term oscillation upwards, warning 'high volatility, dumping could trigger at any time'!
Stay tuned to on-chain and community dynamics, don't chase the highs! Q3 bull market heats up, $AAVE could reach $400!
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