AAVE Price Jumps 25% Today Amid “Golden Cross” Formation

Along with the broader crypto market upside, AAVE AAVE $174.6 24h volatility: 5.5% Market cap: $2.64 B Vol. 24h: $270.65 M price has shot up 25% in the last 24-hours, shooting all the way to $270 level, with its market cap approaching $4 billion. With today’s rise in value, the altcoin has registered an impressive 90% gain from its April lows of $137.

Today’s AAVE price rally is driven by the advancement of the GENIUS Act, which is moving forward in the Senate to establish a stablecoin regulatory framework, an important component for DeFi protocols such as Aave.

As Aave heavily depends on stablecoins like USDC, DAI, and its native GHO, regulatory clarity could foster greater institutional participation and enhance confidence within its ecosystem. As a result, today’s price rally comes with a massive 65% uptick in daily trading volumes, now crossing $800 million.

Aave active addresses rise 57% in two days

The recent AAVE price increase comes as the protocol positions itself as the leading DeFi protocol by total value locked (TVL), with a nearly 40% increase over the past month to $40.7 billion, according to DeFiLlama.

This rapid growth is translating into tangible revenue, with AAVE generating over $250 million in fees year-to-date, placing it among the most profitable protocols in the DeFi space. A 57% spike in daily active addresses over the past two days has also contributed to the recent price rally.

As per the image above, the weighted sentiment for AAVE has flipped positive, thereby highlighting that market participants are turning bullish for a short-term outlook. If we observe closely, a large part of the altcoin’s rally has come through AAVE buyback programs, with $1 million weekly token purchases.

Technical chart shows major strength

On the 1-day USDT chart, the Aroon Up indicator registers 100%, while Aroon Down is at 0%, indicating strong bullish momentum. The Chaikin Money Flow Index (CMF) shows a positive reading of 0.26, suggesting increased capital inflows into the token.

The daily chart of AAVE shows the formation of a “Golden Cross” as the 50-day and 200-day moving averages inch closer to a crossover, often regarded as bullish signal.

The token is approaching the 61.8% Fibonacci retracement level at $271.35. A decisive breakout above this threshold could open the path to the 50% retracement level at $347.19, representing a potential 30% upside from current levels.

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Mind token and presale highlights

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Key Presale Details:

• Token Price: $0.0037515
• Funds Raised: $9.6 million
• Accepted Currencies: ETH, USDT
• Symbol: MIND
• Blockchain: Ethereum
• Community and Staking Incentives: 15% of the total token supply allocated for rewards.

The presale is set to close in 15 days, with the token’s price expected to rise afterward. Amid growing demand for AI-powered tools in the crypto space, Mind of Pepe’s innovative approach and promising staking rewards position it as an appealing opportunity. The platform’s ability to combine cutting-edge technology with practical utility could easily solidify its place in the competitive meme coin and AI sectors.

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