The weekly chart shows Aave approaching this resistance level for the second time, backed by bullish momentum.
is thriving in the current market environment, outperforming many other crypto assets as the market recovers from the dip on August 5th.
To confirm a breakout from the 800-day range, the price needs to stay above this level for an extended period. If Aave continues forming higher highs and higher lows, a break and retest could solidify the $200 target as the next key level in the mid-term.However, staying above the $154 level is crucial for this upward momentum to continue, supported by the WTMO showing strong momentum to push prices higher.Aave’s success is not just seen in its price action; its Total Value Locked has been steadily rising since the beginning of the year.
This strong growth highlights Aave’s position as a major player in the DeFi space. The rising TVL and borrowed assets reflect increasing adoption and trust in Aave, which adds further confluence to the idea that its price may reach $200 before the year ends.In addition to strong price action and rising TVL, whales are increasingly buying, adding significant upward pressure on its price. Data from Hyblock Capital shows that the current whale vs.
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