$AAVE is on a bullish rampage, surging to $281—its highest level since February 2023! 📈 The rally, which started in early April from a low of $114, is gaining momentum with strong fundamentals and technicals aligning.
🔥 Why Is $AAVE Pumping?
✅ Exchange Reserves Plummet: $AAVE tokens on exchanges have dropped to 3.17M—the lowest since Feb 2021 (down from 4.53M in Nov 2023). Less supply = More demand!
✅ Record TVL: Total Value Locked in $AAVE has surged 30% in a month, hitting $26.42B—a new all-time high!
✅ Staking & GHO Growth: Staked $AAVE has doubled to $800M, and its stablecoin GHO just hit a $265M market cap!
📊 Technical Breakout Confirmed!
Golden Cross: 50 EMA crossed above 200 EMA—a strong bullish signal.
$ADX at 42: Trend strength is rising fast.
Fibonacci Breakout: $AAVE has cleared the 38.2% retracement level, eyeing $400 next (a 45% jump from here!).
🚀 What’s Next?
If the uptrend holds, $400 is the next target—but watch for key support at $250. With DeFi activity booming and investors hoarding $AAVE, this could be just the beginning of a massive rally!
💬 Are you holding AAVE? Where do you see it heading next? Drop your thoughts below! 👇
#AAVE #DeFi #Crypto #Bullish #Altcoins