AAVE, the native governance token of the Aave protocol, has climbed to a multi-week high of $306.33 after posting a gain of over 3% in the past 24 hours.
With volume up over 51% in 24 hours, on-chain metrics, price action, and Twitter sentiment are all pointing in one direction: a breakout could be underway, and $325 might be the next stop.
This move aligns with earlier BanklessTimes forecasts, suggesting that AAVE’s price was building strength near the $282–$300 region and could soon test higher resistance levels, possibly reaching the $400 range.
Whale Activity and Institutional Demand Push AAVE Price Higher
Onchain data is bullish for the AAVE coin. A tweet from Onchain Lens reveals a whale just spent $2.5 million to buy 8,243 AAVE at $303.27. This came alongside a $25 million ETH buy, signaling big-money confidence in DeFi blue chips.
Institutions are also joining in. Aave now makes up 30.74% of Grayscale’s DeFi fund portfolio, which helps onboard ETF-style exposure for traditional investors.
Meanwhile, on July 8, BTCS Inc. used Aave to borrow $100 million in stablecoins to acquire ETH, demonstrating the serious institutional utility of the protocol beyond just retail borrowing and lending.
Ecosystem Milestones Signal Long-Term Strength
The DeFi coin has strong fundamentals. It has seen $45 billion in total deposits, recently hitting its highest point ever. The total value locked (TVL) stands at $27.66 billion, with Aave holding about 28% of the DeFi TVL market. It has also recorded $775 billion in total borrows, with Aave’s team suggesting that they may reach trillions next.
This level of traction cements Aave as a market leader. As some analysts put it, Aave’s deep liquidity means it can handle hundreds of millions of dollars in inflows without impacting user yields.
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Aave’s structure enables it to absorb deposits with minimal yield disruption, a competitive edge highlighted in a visual comparison showing a 20bps impact on Aave versus 200bps on other platforms.
Furthermore, another underappreciated catalyst is the explosive growth of Aave’s native stablecoin, GHO. According to data, GHO just hit a new circulating supply ATH of $302M, surging by $75M recently.
The 8% APR on staked GHO, with no slashing or lockups, makes it a compelling DeFi yield product, especially in a rising stablecoin economy.
AAVE Price Prediction: SuperTrend Buy Signal Confirmed
From a technical perspective, AAVE crypto is showing strong signs of bullish continuation. Popular analyst @ali_charts shared a SuperTrend “Buy” signal on the weekly chart, historically known for catching big moves.
Meanwhile, Santiment’s MA crossover chart confirms a Golden Cross is still active (50-day MA crossing above the 200-day MA), which has been in play since May.
Also worth noting is that the Relative Strength Index (RSI) is currently at 62.8, which is below the overbought range. Additionally, the key support level is at $279.29, marking the 38.2% Fibonacci retracement level.
If the AAVE price holds within the $295–$300 range and Bitcoin, which recently reached an all-time high of $112,000, maintains its macro support, the next logical upside target lies at $325, with a mid-term possibility of revisiting $400.
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