๐ต AAVE Price Up 18% Amid Strong Bullish Indicators โ Will It Reach $480 Soon?$AAVE
The price of AAVE, the native token of the decentralized lending platform, saw a significant 18% increase to $256 after successfully rebounding from the 200-day moving average support. This move reinforces AAVE's continued uptrend, despite previous pullbacks.
๐ Strategic Integration with Chainlink Fuels Growth
One of the key drivers of this positive momentum is AAVE's entry into the third phase of its integration with Chainlink's SVR service, a significant step that now covers 75% of the total Ethereum Audited Value (TVS) โ which in turn represents 95% of AAVE-related TVS. This expansion reflects a measured approach to reducing risk and enhancing the sustainability of the AAVE ecosystem.
๐ On-chain data indicates long-term accumulation.
Active loans within the platform have reached new record highs.$BNB
AAVE dominates the decentralized lending market with a market share of over 62%.
An increase in the number of addresses withdrawing AAVE from exchanges is a strong indicator of long-term accumulation by whales.
A rise in the number of large transactions (over $100,000), another sign of active investors.
๐ฌ According to a market expert on the X platform (formerly Twitter), institutional investors view AAVE as the undisputed leader in the DeFi sector, surpassing its usage even at the market peak in 2021.
๐ AAVE Price Prediction: Will it break the $480 barrier?
Weekly technical analysis indicates a "continuation" pattern has formed after the second-quarter decline, opening the way for a new rally once it crosses the $275 level. If this happens, the price could target:
$363
$425
Finally, the larger target: $482
#Focus #Stop #Whales #Accumulation #In #strength