- AAVE gained over 100% since April and broke $290, a key resistance now acting as support.
- The price is above the 200-day EMA, suggesting a continued bullish trend.
Despite market uncertainty, Aave [AAVE] has been consistently garnering significant attention from investors and traders due to its impressive performance.
The daily chart reveals that the altcoin has rallied over 100% since late April 2025 and analysts think 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.
Whale activity skyrockets!
Large transaction counts have exploded.
According to IntoTheBlock, transactions in the $100K–$1M range spiked by 360.77%, while the $1M–$10M cohort surged 283.33%.
Source: IntoTheBlock
Such notable transactions are typically associated with whales or institutions.
Moreover, this surge was observed following a breakout above a key level, which likely contributed to the price rally and now signals continued bullishness for the asset.
$310 and climbing…..
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.
Source: TradingView
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.
$5.63 million worth of AAVE outflow
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.
Source: CoinGlass
Currently, such outflows indicate potential accumulation, creating buying pressure and upward momentum. Overall, it seems that the bulls are pushing AAVE’s price toward a new high.
