Bullish Breakout in Action
#ChartAnalysis #Price-Prediction
$AAVE a leading DeFi token, has surged over 19% in 24 hours, reaching $261.58. This rally is fueled by strong market momentum and key positive developments in the crypto space.
The U.S. Congress recently advanced the GENIUS Act, providing regulatory clarity for stablecoins and DeFi platforms like Aave. This has significantly boosted investor confidence
Additionally, Aave’s Total Value Locked (TVL) has reached $40.3 billion, a new record. This marks a major comeback for Ethereum-based DeFi, showing growing user trust and usage.
Another bullish sign is whale accumulation. Large holders are buying heavily, which usually precedes significant price moves.
On the technical side, AAVE is above major moving averages with strong support at $240 and resistance around $285 and $312. Analysts predict a possible climb to $400 by the end of 2025 if momentum continues.
Signal: BUY
Target: $285 – $312 – $400
Stop Loss: $240
While short-term corrections are possible, long-term outlook remains bullish. AAVE is showing clear signs of strength and could be a key gainer in the coming months
