Hedera

Liberty

DeFi

Momentum

Read

<p><a href="https://captainaltcoin.com/heres-why-aave-price-could-skyrocket-to-400/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price</a> has shot up lately, rising more than other DeFi tokens in the crypto market. Right now it’s trading at $366.56, which is a 32.02% jump from yesterday. More people are trading it too – volume is up 36.15%.&nbsp;</p>
<p>Two main things are driving this rise: the price finally broke out of a pattern it was stuck in for two years, and word is going around about some big token purchases.</p>
<h2 class="wp-block-heading" id="aave-technical-analysis">AAVE Technical Analysis</h2>
<p>The AAVE chart illustrates a decisive breakout from a two-year price range between $55 and $115. This breakout signals strong bullish momentum and has propelled the token into a clear uptrend. The price has steadily moved upwards, reaching levels not seen in years, with higher highs and higher lows confirming the trend.</p>
<p>Support zones around $75–$115 and $195–$225 have provided stability during the rally, while resistance levels at $260 and $450 now define <a href="https://captainaltcoin.com/aave-price-breaks-above-200-as-analyst-explains-whats-next/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price </a>potential range, as suggested by Daan Crypto Trades on X (formerly Twitter).&nbsp;</p>
<p>He noted that AAVE’s weekly candle is shaping up favorably, with the $260-$450 range expected to dominate price movements in the near term. A spike in trading volume during the breakout supports the momentum, while the current weekly candle reflects strong buying pressure.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="605" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-1024x605.png" alt="" class="wp-image-597612" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-1024x605.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-300x177.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-768x454.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-1536x908.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-2048x1211.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-254x150.png 254w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-100x59.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-592x350.png 592w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512-788x465.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-512.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/DaanCrypto/status/1867124350941315184" target="_blank" rel="noopener noreferrer nofollow">X/DaanCryptoTrades</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="institutional-interest-drives-momentum">Institutional Interest Drives Momentum</h2>
<p>Institutional interest has played a key role in AAVE’s recent price movement. According to a<a href="https://x.com/AltcoinDailyio/status/1867040558687858942" target="_blank" rel="noopener noreferrer nofollow"> tweet by Altcoin Daily,</a> Donald Trump’s World Liberty Financial reportedly swapped $5 million USDC for Ethereum, raising its total ETH holdings to $55 million.&nbsp;</p>
<p>The same wallet acquired $1 million each of AAVE and Chainlink (LINK), sparking speculation about future acquisitions. This development has drawn significant attention to AAVE, highlighting its appeal among high-profile investors.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="562" src="https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-1024x562.jpg" alt="" class="wp-image-597604" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-1024x562.jpg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-300x165.jpg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-768x421.jpg 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-1536x843.jpg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-2048x1123.jpg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-273x150.jpg 273w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-100x55.jpg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-638x350.jpg 638w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22-788x432.jpg 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/AAVE-22.jpg 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: X/AltcoinDaily</em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="future-price-movements">Future Price Movements</h2>
<p>With AAVE’s price trading above $360, analysts are watching for the token to form a range between $260 and $450.&nbsp;</p>
<p>Resistance around $450 could be tested if the uptrend holds, while support around $260 may provide a safety net if the price retraces. AAVE’s performance, fueled by technical and fundamental factors, demonstrates its growing prominence in the DeFi sector.</p>
<p>The combined influence of market trends and high-profile acquisitions underscores <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">AAVE’s price</a> rise, positioning it as a standout performer in the crypto space.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/can-hbar-skyrocket-to-5-by-2025-hedera-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Can HBAR Skyrocket to $5 by 2025? Hedera Price Prediction</a></em></strong></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-aave-price-pumping-2/" rel="noopener noreferrer nofollow">Why Is AAVE Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is AAVE Price Pumping?

Table of Contents

CaptainAltcoin

Other articles published on Dec 12, 2024

Broker Complaint Alert Introduces AI-Driven Solutions to Revolutionize Crypto Recovery and Enhanc...

Ripple’s $915M XRP Transfer Sparks RLUSD Stablecoin Optimism

Cult DAO Struggles: Whales Switching to Buy Millions of CULT tokens

Here’s Why Coti’s $0.50 Target Looks Achievable

Dogecoin and Shiba Inu Losing Momentum? XYZVerse Attracts Investors With 99x Growth!

Bluntz predicts breakout for SHIB as DTX and ETH ride bullish wave

Join our free newsletter for daily crypto updates!