AAVE surges today and approaches US$ 100 with buying strength

AAVE recorded an appreciation of more than 13% in the last 24 hours, with the market reacting to important updates regarding the protocol’s tokenomics. Trading volume exceeded US$ 546 million, while market capitalization reached US$ 1,44 billion, indicating greater investor participation.

The move gained strength after statements from Aave founder Stani Kulechov, who denied rumors about a possible token sale at a significant discount. Instead, he reinforced that all revenue generated by the Aave protocol and by GHO belongs to the AAVE token.

According to him, the protocol already generates about US$ 134 million in annualized revenue for the Aave DAO. In addition, he revealed that Aavenomics 3.0 is under development, bringing an automated buyback mechanism, which increased market interest.

Even with the positive sentiment, the data show that reserves on exchanges rose 16,97%, reaching US$ 229,49 million. This increase indicates greater token availability for trading, which can normally put pressure on the price.

Even so, buyers were able to absorb this additional supply without compromising the recent appreciation. The market reading indicates that demand remains consistent, even with the growth in liquidity on the platforms.

On the daily chart, AAVE shows a clear recovery after touching the US$ 60 range in June. The asset managed to hold support at US$ 90 again and is now approaching the main supply zone near US$ 100.

The Relative Strength Index (RSI) rose to 69,22, indicating increased buying pressure, but still close to the overbought region. This scenario suggests continued interest, although with attention to possible short-term corrections.

The US$ 100 region remains the main technical resistance, having already blocked previous moves. If there is a breakout, the next target appears near US$ 115.

Liquidation data show a significant concentration of liquidity around US$ 90. This level has served as a base for new upward attempts, with zones between US$ 95 and US$ 100 acting as the immediate target.

If the current support continues to be defended, the market tends to test the US$ 100 region again, with the possibility of an extension of the move depending on the absorption of selling pressure.