Key Takeaways
Ethereum‘s strength and the booming demand for decentralized finance might just be the best combo platter for AAVE’s next big moment. Mmmm, tasty!
Guess who’s back? AAVE [AAVE] flexed its muscles and broke through the $300 barrier this week. Experts (AKA me) are calling it-next stop, $400! But don’t pop the champagne yet, this is where things took a detour in December 2024. Keep those seatbelts fastened, folks. 🍾
On Friday, August 22, Federal Reserve Chair Jerome Powell hinted at rate cuts. That’s like saying “Hey, here’s a cookie, enjoy!” but for the DeFi sector, and AAVE’s probably licking its lips. 🍪
The markets? Oh, they loved it. Ethereum [ETH] is getting awfully close to hitting its all-time high, just 3.1% away! Don’t tell me you’re not excited by that number. 😜
As the backbone of the DeFi universe, a boost in ETH prices and lower borrowing costs could send more cash into Aave’s lending and staking platforms. We might even see a full-blown DeFi revival in the coming months. Or maybe it’ll crash, who knows? 🤷♀️
New highs? Yes, but also…AAVE holders, brace yourselves
The weekly chart of Aave? Oh, honey, it’s looking like a fitness transformation montage. Early 2025 was a struggle, but look at it now, baby! We’ve come so far, and I’m getting some serious “new year, new me” vibes. 💪
The OBV hit a new high this year, signaling more buying power than your average “I bought in at the bottom” trader. 👀
The MACD is creeping up, slowly but surely. Don’t worry, no signs of a meltdown yet. That’s what we call “chill but cautiously optimistic.” 🧘♀️
Keep an eye on the $417 and $527 resistance levels from 2021. Those are the next milestones to break through if you’re feeling bold. But hey, no pressure. Just a casual, “let’s break $500” kind of vibe. 😉
Profit-taking, or panic selling? You decide
Warning: We have a profit-taking red flag here. 97.4% of AAVE supply is sitting in the green right now. That’s more profit than any of us have seen since…well, ever. (Did someone say “sell pressure”? 😬)
If things take a dip, $300 is your psychological support level. It’s like the “I’ll eat this ice cream and pretend everything’s fine” kind of support. 🍦
Check out the Cost Basis Distribution Heatmap for a clearer picture-$300 and $280 are where the big buys happened over the last two years. So, don’t expect a “crash and burn” kind of situation. But if we hit $390, brace for impact. 🚨
Overall, further gains seem likely-but remember, profit-taking can be like a game of musical chairs. Don’t be the one left standing without a seat. 💃
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2025-08-24 02:03