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Cryptocurrency News Articles
Aave [AAVE] Rallies 100% Since Late April, Poised to Explode Another 40%
Jun 12, 2025 at 05:00 am
Despite market uncertainty, Aave [AAVE] has been consistently garnering significant attention from investors and traders due to its impressive performance.
Aave [AAVE] has been a hot topic among crypto traders and investors as the altcoin continues to garner attention for its impressive performance despite market uncertainty.
The daily chart displayed that the altcoin has rallied over 100% since late April 2025, and analysts believe it is poised for an additional 40% upside.
This bullish speculation is based on AAVE’s recent breakout above resistance, a strong surge in whale participation, and notable exchange outflows over the past 48 hours.
According to IntoTheBlock’s data, transactions in the $100K–$1M and $1M–$10M ranges spiked by 360.77% and 283.33%, respectively.
[coin_tube id=«174066» display=«responsive» align=«center»]
Such notable transactions are typically associated with whales or institutions.
Moreover, this surge was observed following the breakout of a key level, which likely contributed to the price rally and now signals continued bullishness for the asset.
At press time, the altcoin traded just above $310, clocking a 7% gain in 24 hours. More importantly, Trading Volume jumped by 55%, confirming strong spot participation.
When price increases happen alongside spikes in trading volume, it often indicates genuine conviction rather than temporary hype. A rise in volume with the price suggests strong market support and buyer confidence, indicating a potentially sustainable rally.
Technical analysis from AMBCrypto suggested that AAVE appeared bullish, having successfully broken out of a strong resistance level at $290.
This breakout followed a period of prolonged consolidation, which is itself a bullish signal, and it indicates that the upcoming rally could be parabolic.
If the altcoin maintains its upside momentum and holds above the $290 level, the upward trend could continue. Thus, there is a strong possibility that AAVE’s price could surge by over 35%, reaching the $416 level.
This breakout, paired with the asset trading above the 200-day Exponential Moving Average, strengthens the case for continuation.
Meanwhile, this bullish outlook is further strengthened by potential accumulation from investors and long-term holders, as reported by the on-chain analytics firm CoinGlass.
Data from Spot Inflows/Outflows revealed that exchanges recorded an outflow of approximately $5.63 million worth of AAVE tokens over the past 48 hours.
As of Monday, 80% of the reported outflows occurred within a 48-hour period.
This outflow is significant as it suggests that investors are transferring their AAVE holdings from exchanges to personal wallets.
Usually, such actions are undertaken by those seeking to hold their coins for the long term or avoid any short-term price volatility often associated with exchange trading.
Ultimately, Aave’s price movements will depend on broader market trends, regulatory shifts, and the evolving narrative around DeFi.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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