๐ $AAVE Price Surges, Targets ATH as Active Addresses Rise ๐๐ฅ
๐ AAVE has soared 420% since April, approaching the key resistance at $400. Its market cap now stands at $5.6 billion, ranking it the 27th largest coin. This rally accelerated after Donald Trumpโs WLFI selected AAVE as a service provider and bought 6,137 tokens worth $2.28M, boosting investor confidence.
๐ฐ TVL Hits Record High: The total value locked (TVL) in AAVEโs ecosystem surged to $23.2 billion, up from $7.53 billion YTD, with TVL in ETH terms reaching 5.8 million ETH. This growth highlights rising activity in AAVEโs DeFi ecosystem.
๐ Active Addresses Spike: Investor FOMO is driving activity. Data from IntoTheBlock shows AAVE addresses with a balance rose to 166K, up from Julyโs low of 160K. Large transactions also spiked to 828 on December 16, signaling bullish sentiment.
โก Technical Analysis: AAVE recently broke above critical resistance at $300 and now faces resistance at $375. If the price clears the next major hurdle at $460, it could rally to its all-time high of $667โan 80% surge from current levels.
๐ Key Levels:
Bullish View: Confirmed if AAVE breaks above $460.
Bearish Risk: A drop below $250 invalidates the bullish outlook.
๐ฅ With strong fundamentals, rising TVL, and growing investor activity, AAVEโs push toward a new ATH looks increasingly likely. ๐๐
