AAVE has surged by 13% in the last 24 hours, boosted by network developments including Aave V4 on Base, which enables tokenized stocks like COIN to be used as collateral for USDC loans. Whale activity and trading volume have significantly increased, adding buying pressure and amplifying price movements. However, exchange reserves have also climbed to a new monthly high, creating additional selling pressure as holders may move tokens to book profits. Trading activity shows signs of overheating, raising the risk of short-term profit-taking. Despite these warning signals, AAVE is trading above all key EMAs on the daily chart, suggesting bullish momentum could hold.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
