AAVE remains strong: is it time to join the DeFi boom before it explodes?

AAVE is doing well, with a price of around $317 and moving in sync with Ethereum, which is close to $4,500. This connection between the two means that understanding ETH helps you keep up with AAVE, which often dances to the tune of Ethereum.

The key support is at $291 and the resistance is near $305, levels to keep an eye on because they could mark a bounce or a correction.

Institutional data does not lie: with more than $50 billion in deposits and founder Stani Kulechov's projection to reach $100 billion by the end of the year, the protocol has strength and real backing.

Meanwhile, Ethereum continues to grow, surpassing $4,300 and with the move from BitMine Immersion planning to inject up to $20 billion to accumulate more ETH, the outlook is promising.

Predictions talk about a range of $286 to $608 for AAVE by the end of the year, depending on how the market moves and adoption.

As things stand, AAVE looks like one of those DeFi projects that not only withstand but can also take a big leap. It is backed by serious numbers and a community that keeps growing, so it’s worth keeping it on your radar if you want to play in the medium or long term.