AAVE rebound is coming, reasons analyzed
AAVE is showing strong momentum right now, but can that momentum continue?
Active addresses surge 34%
AAVE has seen a 34% increase in the number of active addresses in the past 24 hours, indicating a significant increase in user engagement. According to data from IntoTheBlock, this kind of growth usually means increased market confidence, helping to drive the token price higher.
Liquidation data shows strong bullish sentiment
According to data from Coinglass, the recent heat map of liquidations is heavily skewed towards the bulls, suggesting buying pressure outweighs selling pressure. This trend could support continued gains for AAVE in the near term.
Social media buzz drives attention
AAVE saw a surge in social media mentions from March to September 2024, reflecting rising investor interest. Social media sentiment often correlates with price movements and can lead to significant increases in an asset's value.
The outlook is optimistic
Taken together, the increase in active addresses, bullish liquidation data, and positive social media sentiment suggest that AAVEâs long-term rally may just be beginning. With market sentiment remaining positive, investors have full confidence in AAVE's future.
#HMSTRćŒç #çŸćœäșćŁćșŠæ žćżPCE珊ćéąæ #çŸćœ8ææ žćżPCEć4æ仄æ„æ°é«
Public account: Pumpkin Strategy (early review strategy analysis of Bitcoin BTC and Ethereum eth every Monday to Saturday, long-term recommendation of high-quality individual coins and live broadcast analysis, occasional sharing only pay Mima)
