AAVE Price Pumps 32% as Whales Accumulate, Market Eyes a Range Between $260 and $450

AAVE's price has shot up lately, rising more than other DeFi tokens in the crypto market. Right now it's trading at $366.56, which is a 32.02% jump from yesterday.

AAVE’s price has soared recently, outperforming other DeFi tokens in the crypto market. At the time of writing, AAVE’s price is up 32.02% over the past 24 hours, trading at $366.56. Trading volume has also surged by 36.15%.

Two key factors are driving this surge: a breakout from a two-year price pattern and rumors of large token purchases by institutional players.

AAVE Technical Analysis

A glance at the AAVE chart reveals a decisive breakout from a two-year price range, bounded by $55 and $115. This breakout signals strong bullish momentum, evidenced by a surge in buying pressure. Following the breakout, the token has embarked on a clear uptrend.

The price has been steadily climbing, reaching levels unseen in years, with higher highs and higher lows confirming the bullish trend. Support zones around $75–$115 and $195–$225 have provided stability during the rally.

Meanwhile, resistance levels at $260 and $450 now define AAVE’s price potential range, as highlighted by Daan Crypto Trades on X (formerly Twitter).

He noted that AAVE’s weekly candle is forming in a promising manner, with the $260-$450 range expected to dictate price movements in the near term. A spike in trading volume during the breakout further supports this momentum. The current weekly candle reflects strong buying pressure.

Institutional Interest Fuels AAVE’s Momentum

Institutional interest has played a significant role in AAVE’s recent price action. According to a tweet by Altcoin Daily, Donald Trump’s World Liberty Financial reportedly swapped $5 million USDC for Ethereum, increasing its total ETH holdings to $55 million.

The same wallet acquired $1 million each of AAVE and Chainlink (LINK), sparking speculation about future institutional purchases. This development has brought AAVE into the spotlight, highlighting its appeal among high-profile investors.

Future AAVE Price Movements

As AAVE’s price continues to trade above $360, analysts are watching for the token to establish a range between $260 and $450.

Resistance around $450 could be tested if the uptrend persists, while support around $260 may provide a safety net if the price retraces. AAVE’s performance, fueled by both technical and fundamental factors, showcases its growing presence within the DeFi sector.

The combined influence of market trends and high-profile acquisitions underscores AAVE’s price surge, positioning it as a standout performer in the crypto space.

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