With sudden recovery in the encryption market, the distinctive Defi symbols gain traction as Bitcoin is approaching $ 91,000. Among the Supreme Defi symbols, the AAVE, the 32 largest encrypted currencies, increased 25 % in the past 24 hours.
Currently, it is traded at the market price of $ 218 and holds a roof of the market of $ 3.29 billion. Will this short -term recovery lead to a $ 300 psychological mark? Let’s discover.
It aims to recover AAVE prices 300 dollars
In the weekly graph, AAVE offers the prices of many low rejection operations from the EMA line for 50 weeks. Weekly candles offered at the Fibonacci level 61.80 %, with a rejection of a decrease in the price of 50 %.
The price of 50 % Fibonacci is $ 165, while the level of 61.80 % at a price of $ 218. With a very long tail, the price movement reveals strong upward demand at low levels.
EMA lines 50, 100 and 200 weeks maintain a positive alignment despite the short -term decline. However, Macd and signal lines gave a negative intersection, with an increase in the homosexual graphics.
However, as the distinctive symbol continues above the 61.80 % Fibonacci level, the chances of the new morning star style are increasing dramatically. With the upper reflection pattern, the upper trend in AAVE is likely to create the highest new level for 52 weeks by crossing the 400 dollar psychological mark.
However, the target of the long -term price remains optimistic, because the Fibonacci level is 78.60 % at $ 321 is the immediate key resistance.
Will the Defi code cross $ 400?
According to the levels of Fibonacci, the upcoming continuation of the Defi icon is likely to challenge the resistance level of $ 528, followed by access to a psychological mark of $ 1,000. On the other hand, the decisive support for the Defi code is $ 165, followed by a psychological spot of $ 150.
The early whale is acquired by approximately $ 20 million
Recently, with the acute recovery of 25 % in the past 24 hours, the whales are lined up to get AAVE. According to OnchainalsThe encryption whale spent 1928.86 cabbage of about $ 4 million to buy AAVE.
14 hours ago, the whale spent 1928.86 $ Weth ($ 3.95 million) to buy 20,511 $ AAVE At average price of $ 193.
Currently, he has a floating profit of 406 thousand dollars. The wallet belongs to the early $ Pepe The whale that holds 2.88t $ Pepe (19.97 million dollars).
Parties Parties: 0xbcda26B7c6fe36B4F97c21A57807817B06E15C77 … pic.twitter.com/jqopqua1jd
Onchain (onchainals) lens March 5, 2025
In this deal, the whale acquired 20,511 AAVE symbols at an average price of $ 193. Regardless of the Defi code, the wallet also has an early date of PEPE that contains Baby 2.88 trillion. The value of this metal currency is approximately $ 20 million.
Also read: Ethereum price drops to $ 2000: Will the lower direction reach $ 1500?
