Aave Rallies After Archax Listing With Price Aiming Toward $220–$300 Targets
- Aave gains momentum after Archax confirms its new listing, boosting visibility and market interest.
- AAVE has climbed 25% from its re-accumulation zone, showing strong upward movement and growing demand.
- Rising activity and renewed confidence place Aave back in the spotlight within the DeFi sector.
Aave (AAVE) is drawing new attention in the crypto market due to a visible increase in prices and a new listing on a crypto exchange. The activity of this crypto asset has started to increase due to better market sentiment among leading DeFi assets.
At the time of writing, Aave is trading at $183.21 with a 24-hour trading volume of $441.62 million and a market capitalization of $2.79 billion. AAVE’s price increased 3.57% over the last 24 hours.
Archax Announces Aave Listing
Archax, a well-known regulated crypto exchange, has just announced the listing of AAVE on its platforms. The news is significant, with AAVE being one of the well-established projects within the DeFi industry. The listing is significant because Aave will be available to a wider pool of people who can access and use its services.
Aave Jumps Strong From Support
Prominent crypto analyst, CryptoPulse, highlighted the impressive recovery AAVE’s value has demonstrated within the re-accumulation region. AAVE value is already up 25% since the support level mentioned by the analyst in the update on November 12, which is a strong indication of a change in the direction of the market and healthy demand in the market.
According to CryptoPulse, a strong reaction of a price from support levels may be a sign of buyers’ entry into the market with confidence. This has given AAVE some support, and its chart is showing a stronger bullish momentum.
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AAVE Returns to DeFi Spotlight
The analyst noted that AAVE needs to remain above the $160 level in order to keep its bullish trend intact. However, if this support level remains intact, the next targets for the currency will be $220, $260, and $300 levels, respectively.
The fact that Aave is now listing on a new exchange and showing a strong reaction from a key area of the market is putting Aave firmly back on the DeFi watchlist. The continually rising activity levels indicate a renewed interest in AAVE, particularly given the ever-growing pace of the industry itself.
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