AAVE price jumps 15% – Can $40.69M in protocol fees sustain the breakout?
AAVE price jumped over 15%, breaking a key resistance level after weeks of consolidation. The rally coincides with strong protocol fundamentals, as Aave generated over $40.69M in fees in the past 30 days, capturing more than 50% of the decentralized lending sector's fees. Network activity is growing, with USDT deposits on its Ethereum Core market nearing $3 billion, indicating deeper liquidity. Whale accumulation at current prices and a bullish long-term price forecast from Standard Chartered have also boosted optimism. The key challenge is whether buyers can hold the broken resistance as support to sustain the breakout momentum.
ambcrypto06/25 16:32
