Aave

Token

Bitcoin

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>AAVE token price surged over 30% in the past 7-day trading session.&nbsp;</a></li>
 <li><span>2</span> <a>TradingView data states that Aave’s price rose 30.99% and 62.44% year-to-year.&nbsp;</a></li>
 <li><span>3</span> <a>Bitcoin crossed the much-expected resistance of $30K on Monday morning.&nbsp;</a></li>
</ul>
<p>AAVE token price surged 31% in the past 7 days and when writing was trading at $84.04 with an intraday surge of 11%. Since 19 October 2023, the Aave price has seen a drastic change.</p>
<p>In the 52-week time frame, AAVE’s price peaked at $98.33 and lowest traded at $47.18. However, in a month its price rose 30.99% and 62.44% year-to-year.&nbsp;</p>
<p>The MACD and the signal line reflect a bullish pattern and the majority of bull accumulation is seen above the histogram. Similarly, the RSI line is in overbought territory, and the RSI-based MA line is still in the bullish region.&nbsp;</p>
<p>Bulls’ immense pressure is the major reason behind the skyrocketing price of Aave. On October 23 AAVE opened trading at $78.33 and hit a high of $86.02. The market capitalization of Aave is 1.23 Billion and the FD market capitalization is $1.349 Billion.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1004" height="571" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-666.png" alt="Aave Token Price Favoring Bulls;&nbsp; Will The Surge Continue?&nbsp;" class="wp-image-177794" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-666.png 1004w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-666-300x171.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-666-768x437.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-666-750x427.png 750w" sizes="(max-width: 1004px) 100vw, 1004px">
  <figcaption class="wp-element-caption">
   Source: Aave token price chart from <a href="https://www.tradingview.com/x/mbcNWNBt/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div>
<p>In terms of intraday trading volume AAVE is 21th most traded token in the entire crypto market and is 38th in terms of market capitalization.&nbsp;</p>
<p>Aave gathered funding from Standard Crypto, Blockchain(dot)com Ventures, Framework Ventures, Blockchain Capital, DTC Capital, Defiance Capital, and ParaFi Capital.&nbsp;</p>
<p>The Relative Strength Index (RSI) for AAVE also indicates a potential trend reversal.&nbsp;</p>
<p>Moreover, there has been a tremendous surge in exchange inflow over the course of the last week, with $21 Million flowing into exchanges and overall exchange reserves on the rise. &nbsp;</p>
<p>The upcoming momentum in the price is totally based on the capabilities of&nbsp; AAVE to overcome bearish pressure and maintain current momentum.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-is-there-something-behind-unexpected-crypto-market-surge-strong"><strong>Is There Something Behind Unexpected Crypto Market Surge?&nbsp;</strong></h2>
<p>In the past few weeks, the entire crypto excluding some selected tokens surged over 10-30% respectively. Bitcoin, leader of all cryptos, retested the milestone of $30k and on Monday morning it traded above $30,500.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1004" height="571" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-667.png" alt="Aave Token Price Favoring Bulls;&nbsp; Will The Surge Continue?&nbsp;" class="wp-image-177796" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-667.png 1004w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-667-300x171.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-667-768x437.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-667-750x427.png 750w" sizes="(max-width: 1004px) 100vw, 1004px">
  <figcaption class="wp-element-caption">
   Source: BTC price chart from TradingView&nbsp;
  </figcaption>
 </figure>
</div>
<p>When writing, <a href="https://www.thecoinrepublic.com/2023/10/21/barc-share-struggling-below-20-day-ema-macd-suggests-more-decline/" target="_blank" rel="noopener noreferrer nofollow">BTC </a>was trading at $30,584 and above the 20,50,100 and 200-day exponential moving average. The MACD, RSI, and signal lines are suggesting bullish pressure and further surges in the price are expected.&nbsp;</p>
<p>Other than Bitcoin and AAVE some other tokens, coins such as Bitcoin SV, Chainlink, Solana, Injective, Stacks and Aptos surged significantly. In the past 24 hours crypto market capitalization climbed 2.17% and press time market cap was $1.16 Trillion.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Aave Token Price Favoring Bulls; Will The Surge Continue?

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