$AAVE Price Eyes $200 Push as Buyers Conclude Two-Year Accumulation

The AAVE price surged to $162.46, signaling the end of a two-year accumulation phase and a potential surge to $200 if the daily candle closes above key resistance.

AAVE price breakout from $153 resistance signals the end of 2 years of accumulation and a 25% potential upswing to $200

55% of AAVE is currently concentrated in top addresses, reflecting an accumulation trend and growing confidence among large holders.

The 20-and-50-day EMA slope offers suitable pullback support to AAVE price

The AAVE price surged 3% during the Sunday training session, defying the low volatility momentum in the broader crypto market. This high-momentum rally pushed the asset to a peak of $162.5, a level not seen since May 2022. This movement indicates a significant breakout from the two-year accumulation phase, signaling the potential rally to $200.

AAVE Price Gears Up for $200 Surge After Two Years of Accumulation

Defying the ongoing consolidation trend in crypto markets, the AAVE price showcased a sustained recovery since July 2024 with new higher-high and higher-low formations in the daily chart. The bullish upswing uplifted the asset from $71 to $158, registering a growth of 123%. Consecutively, the market cap surged to $2.364 billion.

With an intraday gain of 5%, the AAVE price surged to $162.46 high, a level last recorded on May 5th, 2022. This upswing signals the end of a two-year accumulation trend, also highlighted by the founder of DefianceCapital, Arthur. According to his tweet, this breakout could signal a potential all-time high (ATH) reclaim, marking a significant moment in the ongoing DeFi resurgence.

$AAVE is trading at highest level since May 2022 and seems to be breaking out from a 2 year consolidation pattern.

Expect ATH reclaim to further solidify DeFi Renaissance

If the daily candle closes above $153, the buyers could drive a 25% upswing to challenge the $200 resistance, followed by an extended rally to $260.

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