AAVE rallies over 7%, fueled by strong buyer interest and bullish momentum toward the $300 milestone psychological level.

• AAVE’s price trends green as bullish sentiment escalates.
• On-chain and derivatives metrics point to continued buyer strength amid rising exchange activity.

Aave [AAVE] has emerged as one of the top-performing altcoins recently by registering a notable 7.34% surge over the last 24 hours, at press time.

The daily chart shows a strong upward trend for AAVE, with the $300 psychological level now in sight. This latest surge aligns with broader market optimism, as several major altcoins also post gains.

But is AAVE’s rally simply riding Bitcoin’s [BTC] recent recovery, or is it being driven by its momentum?