AAVE Shows 15% Daily Pump, Analysis Points to $450 Target

• AAVE surges 15%, breaking $342 resistance, now trading at $377 with strong demand.
• Institutional accumulation drives AAVE’s rise; analysts see the potential for a $450 target.
• AAVE shows a bullish Adam Eve pattern, with upside potential toward $600 levels.

AAVE’s price action is displaying strength amid broader market weakness, with the token surging 15% in the last 24 hours. The coin price is also up by 46.6% over two weeks and 108.3% monthly. According to crypto trader Ali, the current chart analysis reveals the formation of an Adam Eve pattern. The analyst suggested that it is a bullish technical setup that shows potential for a 19% breakout if AAVE successfully clears the $342 resistance level.

At press time, AAVE has breached that resistance and trades at $377. The token is currently trading within a 24-hour range of $319.59 to $387.27, demonstrating strong buying pressure even at elevated levels.

DeFiance Capital founder Arthur Cheong attributes AAVE’s resilience to institutional accumulation. He noted that professional investors may be positioning themselves before year-end reporting. Arthur stated that AAVE’s reputation as one of the best-performing DeFi assets makes it an attractive addition to institutional portfolios seeking exposure to decentralized finance.

While AAVE currently trades below its all-time high of $661.69 set in May 2021, current market activities suggest potential for upward movement. Market technicals indicate that breaking above the current resistance level could trigger accelerated buying, potentially driving prices toward the $450 target. The weekly chart shows consistent higher lows, suggesting strong accumulation patterns and a healthy market structure.

Analyst Javon Marks tweeted that AAVE shook off the recent pullback like ‘nothing.’ He also added that AAVE is positioned to reach the $600 level. According to CoinGecko data, the AAVE price was up from a seven-day low of $272 to as high as $387 before retracing back to its current price. Traders should note that reaching the $450 target would still leave AAVE approximately 32% below its historical peak. This suggests potential for further upside if broader market conditions remain supportive. 

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