The post AAVE Token Soars 20%, Reaching Three-Month High appeared on BitcoinEthereumNews.com.

Decentralized finance (DeFi) token AAVE has emerged as today’s top gainer. Its price has soared over 20% amid the broader crypto market rally. The surge has pushed AAVE’s value to a three-month high, marking a significant rebound that has now begun to put long-term holders back in profit. AAVE Hits 3-Month High, Boosting Holder Confidence AAVE has staged a recovery since plunging to a year-to-date low of $132.03 on April 7. Now trading at $264.02, the altcoin has more than doubled in value over the past month. As the token’s price surges, its MVRV Long/Short Difference, which fell to a year-to-date low of -36.61 on May 10, has also begun to recover. Although it remains in negative territory at press time, the steady upward trend in this metric suggests a shift in market sentiment. AAVE MVRV Long/Short Difference. Source: Santiment An asset’s MVRV Long/Short Difference measures the relative profitability between its long-term and short-term holders. When the metric’s value is positive, it suggests that its long-term holders are more profitable, indicating bullish sentiment and potential for further price appreciation. AAVE’s improving MVRV Long/Short Difference indicates that long-term holders are gradually closing the profitability gap with short-term holders, an early signal of a bullish reversal. Moreover, AAVE’s consistent positive funding rate supports this positive outlook. As of this writing, the funding rate is at 0.0095%, highlighting the preference for long positions among AAVE futures market participants. AAVE Funding Rate. Source: Coinglass The funding rate is a periodic payment between long and short traders in perpetual futures contracts. It keeps the contract price aligned with the spot price. When its value is positive, long traders pay short traders, indicating that bullish sentiment dominates the market. AAVE Price Eyes $290 After Ichimoku Breakout AAVE’s triple-digit rally has pushed its price above the Ichimoku…

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Filed under: News - @ May 20, 2025 11:29 am