AAVE recent performance has been impressive, particularly on the 4-hour timeframe, where it broke out of a descending triangle.
recent performance on the charts has been impressive, particularly on the 4-hour timeframe, where it broke out of a descending triangle.
This breakout from accumulation suggests it’s primed for a move toward the $200 level, a key target it failed to hit during its initial breakout.It’s USDT pair reveals the recent rejection at the $135 level three times. The third attempt led to a breakout above the upper trendline of the descending triangle, adding further confidence in a move higher.
Aave’s Sky Force dominance increased from 70% to 83%, showing that the token is gaining traction and potentially on track for a run beyond $200, driven by its lending success and market momentum.Whale activity is also supporting the bullish outlook. Recently, a whale made significant purchases, accumulating 47,991 AAVE worth $7.45 million.
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