Aave (AAVE) Among established tokens, AAVE appear

Aave (AAVE)

Among established tokens, AAVE appears ready to capitalize on the fresh capital targeting Ethereum-based assets. 

As a top decentralized lending and borrowing platform, Aave became the second-largest project on Ethereum yesterday by Total Value Locked (TVL), according to Token Terminal. 

Aave’s native token, used for staking, collateral, governance, and more, grew by 19.5% over the month, reaching $322.94 today.

Crypto expert Posty believes the token is now in an excellent position to reach its December 2024 highs around the $384 mark, pointing to its formation of higher lows over the past few months.

AAVE’s technical indicators support this prediction, as the token’s Relative Strength Index (RSI) of 66.59 reveals that it still hasn’t entered overbought territory.

Additionally, the token’s long/short ratio of 1.95 suggests traders are confident in its potential to grow in the short term.

Fueled by bullish technical and market momentum, AAVE’s expected jump above $380 could position it for much greater gains by the end of 2025.