search
Homeweb3.0Here's Why AAVE Price Pumped 35% This Week

AAVE is a top crypto gainer among top100 coins per market cap this week. Now trading at $133, hte AAVE price pumped 9% again today even though the market is sluggish.

Here's Why AAVE Price Pumped 35% This Week

The price of AAVE (CRYPTO: AAVE) surged 9% again on Monday morning even as the broader market remained largely flat.

What Happened: AAVE, a top crypto gainer among the top 100 coins by market capitalization, was trading at $133.15 with about 11:00 a.m. ET. The token surged over 35% in the last seven days.

Several large trades were executed for AAVE, الصفقة المشفرة العليا، قد يكون أحد الأسباب.

On-chain data showed some accumulation of AAVE by large investors.

Wallet address ‘0xa923’ purchased 50,908 AAVE tokens, valued at $6.65 million, and ‘0x0945’ bought 11,101 AAVE tokens for $1.45 million, both trades took place earlier in the day.

Whales are still buying $AAVE!

0xa923 spent 2,575 $stETH($6.65M) to buy 50,908 $AAVE at $131 in the past 7 hours.https://t.co/Cn5oNqKFB2

0x0945 spent 563 $ETH $($1.45M) to buy 11,101 $AAVE at $130 5 hours ago.https://t.co/O3MlkWONLXhttps://t.co/me0PWuZtgR pic.twitter.com/NO0E8VPBsE

A technical analysis of the AAVE chart also pointed toward a bullish outlook.

According to World of Charts, a prominent technical analyst, AAVE recently broke out of a bullish continuation pattern, known as a symmetrical triangle.

The breakout above the upper descending trendline of the triangle indicated that the price was poised to continue its rally.

World of Charts noted that the height of the triangle, when projected from the breakout point, offered a potential price target of $200 for AAVE.

This target indicated an increase of around 86.31 USDT, or a gain of 74.51%, from the breakout level, which was situated around $115-$120 and now acted as a strong support zone.

See More: Best Cryptocurrency Scanners For Beginners

Continuing Bullish Momentum: AAVE’s price had already moved up significantly, highlighting the strength of the breakout.

As long as the price remained above the support zone of $115-$120, the bullish outlook was likely to continue.

The next major resistance level was around the $200 mark, where some profit-taking was to be expected.

Overall, the combination of strong on-chain activity and a favorable technical setup appeared to be contributing to AAVE’s impressive price performance this week.

Investors were likely to be keeping a close watch on the cryptocurrency’s progress as it aimed to reach its price target of $200.

The above is the detailed content of Here's Why AAVE Price Pumped 35% This Week. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Apr 12, 2025 am 11:42 AM

We all watched Bitcoin decline after the massive tariffs imposed by Donald Trump and rebound when he eased them for everyone but China.

A Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsA Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsApr 12, 2025 am 11:40 AM

In today's fast-paced blockchain world, building a crypto application that seamlessly interacts with multiple networks shouldn't take hours or require juggling endless APIs.

Can Cardano (ADA) Really Hit $2 in 2025?Can Cardano (ADA) Really Hit $2 in 2025?Apr 12, 2025 am 11:38 AM

The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Apr 12, 2025 am 11:36 AM

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000 in the afternoon. Although recovering some of its earlier losses

FARTCOIN Price Prediction:  Can This Meme Coin's Price Continue Its 250% Surge?FARTCOIN Price Prediction: Can This Meme Coin's Price Continue Its 250% Surge?Apr 12, 2025 am 11:34 AM

FARTCOIN has been one of the standout performers in the meme coin space, with its price soaring nearly 250% over the last 30 days.

Bitcoin (BTC) Price Risks Drop To $74,000 If This HappensBitcoin (BTC) Price Risks Drop To $74,000 If This HappensApr 12, 2025 am 11:32 AM

Crypto analyst Saeed has outlined a bearish case for the Bitcoin price, predicting that it could still drop to as low as $74,000.

Grayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsGrayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsApr 12, 2025 am 11:30 AM

Grayscale Investments has released its updated “Assets Under Consideration” list for Q2 2025, highlighting a new batch of altcoins that may be featured in future crypto investment products.

Coldware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpColdware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpApr 12, 2025 am 11:28 AM

The world of cryptocurrency regulation is heating up, with the SEC actively seeking advice from major players like Uniswap (UNI) and Coinbase.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment