๐ Aave ($AAVE ) Explodes to Aptos! Is a $300 Surge Next?! ๐ฅ
Major news for #DeFi! Aave v3 protocol is officially LIVE on the Aptos blockchain, opening up a new era of cross-chain crypto lending and sparking massive bullish sentiment for $AAVE!
Why this is HUGE for Aave & Aptos:
* Cross-Chain Power: Aave's expansion to Aptos v3, implemented with the Move programming language, unlocks new possibilities for secure and efficient cross-chain financing, bringing Aave's leading lending capabilities to a high-performance non-EVM chain.
* Surging Confidence: Futures Open Interest for AAVE has soared 42% to $576 million! This indicates strong trader confidence and a significant influx of capital.
* Volume & Liquidation Signals: A whopping 90% spike in trade volume ($1.84 billion) and a dominance of short liquidations ($4.05 million vs. $673,970 long liquidations) confirm strong buying pressure and a squeeze on bearish positions.
* Bullish Chart Signals: AAVE is currently trading around $264, steadily climbing towards $270 resistance. Key moving averages (50, 100, 200-day EMAs) are all trending upwards, providing strong support.
The Golden Cross Awaits?
If the 50-day EMA crosses above the 200-day EMA on the daily chart (a "golden cross"), it could ignite a powerful bullish momentum, potentially catapulting AAVE beyond the $300 mark!
What's your price prediction for AAVE? Will Aptos unlock new highs for the DeFi giant? ๐