Aave is on a roll, will it reach $200 soon?

Aave has been on fire lately, with prices rising rapidly, reaching the key resistance level of $154. You know, if the price holds steady, Aave will hit the $200 mark. I watched Aave recover from the August 5 crash, and it recovered faster than many other cryptocurrencies. Now the price trend is so stable that you can see it approaching this important resistance level for the second time on the weekly chart. The Volatility Trend Momentum Oscillator (WTMO) also shows strong momentum, and the possibility of breaking through this resistance level is increasing. To explain why Aave is so powerful, you have to look at its TVL. This number started to rise at the beginning of the year, and although it is a bit volatile now, it is still going up overall.

Now the TVL is $19.6 billion, and the amount of money lent through the Aave protocol is $7.748 billion. This shows that Aave is becoming more and more popular in the DeFi circle. Not only the price and TVL, but whales are also buying Aave like crazy. Data from Hyblock Capital shows that whales now have much more Aave in their hands than retail investors, accounting for as much as 74%. Net long-short delta is also 84%, which shows that everyone is optimistic about Aave and thinks it can reach $200 by the end of the year. I also found that the number of addresses holding Aave is also increasing, whether it is retail investors or whales, long-term holders or short-term holders, there are more and more.

Although some holders have less Aave, overall, the trend is still upward. So, Aave's momentum is really unstoppable. Whales are buying crazily, TVL is soaring, and the price trend is so powerful. I think it's a foregone conclusion that Aave will reach $200#加密市场反弹

Prerequisite, it's best if the spot is too tightly controlled by the dealer.