The post AAVE’s rally can reach $416 this time – 2 reasons why appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ June 11, 2025 9:26 pm