Aave (AAVE) Price Surges 28% as Trump Family-Backed Project Buys Millions of Tokens

The Aave price surged 28% in the last 24 hours to trade at $353.80 as of 02:23 a.m. EST on trading volume that jumped 28% to $2 billion.

The Aave (AAVE) price has skyrocketed by 28% in the last 24 hours, surging to trade at $353.80 as of 02:23 a.m. EST on trading volume that also jumped by 28% to hit $2 billion, according to data from CoinMarketCap.

This comes as crypto wallets connected to the Trump family-supported World Liberty Financial (WLFI) project purchased millions of dollars worth of various major tokens.

According to data from Etherscan, WLFI purchased $1 million in AAVE tokens using USDC. This acquisition was made alongside $1 million in LINK tokens and $10 million worth of Ethereum (ETH).

The 4-hour chart for AAVE/USD showcases a parabolic upward curve, a hallmark of exponential AAVE price growth. This parabolic move was initiated after a consolidation period near $266–$288, depicted by the purple rectangular region, according to data from GeckoTerminal. Following the consolidation, the price decisively broke out, gaining momentum to reach $353.80, a significant rally.

The 50-day Simple Moving Average (SMA) and the 200-day SMA are both sloping upwards, with the price far above both, signaling a strong bullish trend.

Meanwhile, the Relative Strength Index (RSI) is at 76.73, indicating overbought conditions. While this confirms strong buying pressure, it also suggests a risk of short-term correction or consolidation as traders may look to lock in profits.

The MACD line (blue) is sharply above the signal line (orange), and both are in positive territory, confirming strong bullish momentum. The increasing histogram bars further reinforce the continuation of the trend.

Given the parabolic curve and momentum indicators, the Aave price is likely to continue its bullish trajectory in the short term. If the price of Aave sustains above the $340 support zone, it could push toward the next psychological resistance and the next target level around $380–$400.

However, the overbought RSI signals the possibility of a pullback. A correction could see the price retest support at $287 or even the $273 (50-day SMA) level before resuming its upward trajectory.

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