Key Takeaways:
- AAVE up 10%, reclaiming $200 with bullish technicals.
- Protocol earnings at $13.15M; TVL climbs to $33.29B.
- Derivatives and on-chain data support a run toward $245.
AAVE Regains $200 as Investor Confidence Rises
AAVE has once again captured investor attention after reclaiming the $200 mark, rallying nearly 10% in the past 24 hours. The decentralized finance (DeFi) protocol has shown remarkable resilience amid a broader crypto rebound, buoyed by robust on-chain metrics and surging market optimism.
While the recent phishing incident briefly rattled the community, market sentiment remains notably bullish. Data from over 55,000 participants reveals that 90% expect AAVE to extend its gains — and the numbers seem to back that up.
Earnings and TVL Growth Strengthen the Bullish Narrative
Fundamental data underscores AAVE’s strong recovery trajectory. Protocol earnings have surged to $13.15 million since October 1, making it the project’s fifth-highest performance since launch. With this pace, Q4 could surpass previous quarterly highs, signaling sustained investor participation.
The Total Value Locked (TVL) has also climbed to $33.29 billion, reflecting growing confidence despite incentives dropping to their lowest since late 2020. This combination — high engagement with lower reward payouts — underscores investor conviction in AAVE’s long-term value proposition.
User and Transaction Growth Reflect Expanding Demand
Network activity is gaining momentum. Daily Active Users have risen 55% over the past three months to 29,400 — the highest since mid-October — while transaction volume reached $495 million in 24 hours. Meanwhile, total transactions hit 65,200, a 21% increase.
These figures highlight renewed interest in AAVE’s DeFi offerings, suggesting that investors are accumulating and trading with bullish intent rather than short-term speculation.
Derivatives and Technical Data Align on Bullish Continuation
Derivatives markets echo the same optimism. The Long/Short Ratio sits at 1.026, signaling a trader bias toward long positions. Short liquidations outpaced longs nearly six to one in the last 12 hours, while open interest funding remains positive at 0.0081%.
Technically, AAVE is poised for another leg up. The asset is nearing the midpoint of its Bollinger Bands, historically a precursor to rallies toward the upper band — currently near $245. Strengthening accumulation and a rising Accumulation/Distribution indicator reinforce the case for sustained gains.
Also Read: Aave Price Rebounds: Can AAVE Surge Beyond $246 Soon?
Path Clears Toward $245
With bullish fundamentals, rising user engagement, and favorable derivatives data, AAVE appears well-positioned for further upside. If momentum holds, a move toward the $245 resistance zone could materialize in the short term, potentially marking one of AAVE’s strongest quarters in years.
