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The Aave price soared 9% in the last 24 hours to trade at $106.02 as of 00:47 a.m. EST on trading volume that skyrocketed 75% to $264 million.
AAVE posted the best 24-hour performance compared to other top tokens, which indicates renewed interest in the DeFi platform.
Strong protocol performance and new initiatives like Skyward and fee witch proposals are the main drivers of Aave’s recent growth.
Aave Price To Could Continue Soaring Over Its Resistance
The Aave price took a slight tumble from the $106 resistance to the $90 support, according to data from GeckoTerminal.
The price then surged back to the $106 resistance, forming a rounding bottom pattern as the bulls aimed to push the price above the resistance.
AAVE trades above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a sustained uptrend.
Moreover, the Relative Strength Index (RSI) is soaring towards the overbought region, currently trading at 66, which shows intense buying pressure.
The Moving Average Convergence Divergence also supports the bullish prospects as the MACD climbs above the neutral line. The blue MACD line also crosses above the orange signal line, forming a bullish crossover.
A bullish crossover and a soaring RSI indicate that the price of Aave is bullish. If the momentum continues, the bulls are currently targeting $122.
However, the RSI indicates that the asset is overvalued, which prompts a buying signal. If the bears increase the pressure, the Aave price could plunge back to the support around $99, which coincides with the 200-day SMA.
As the Aave price surges, PEPE lovers are buying the new upgrade Pepe Unchained ($PEPU), which has already raised over $8.8 million in early funding.
99Bitcoins, a prominent crypto channel on YouTube, says $PEPU is one of the best cryptos to buy now with 100x potential.
PEPU Presale Nears $9 Million Mark – Best Meme Coin To Buy Now?
Pepe’s latest and most badass version, complete with its own Layer 2 chain on Ethereum, marked its one-month milestone by closing over the $8.8 million mark.
Since its launch, Pepe has maintained positive growth, as it continues to be in the top three of the titan meme coins in market capitalization.
However, Pepe is not without shortcomings. The token was originally built on the Ethereum blockchain and has long been confined by its Layer-1 technology, which is highly characterized by network delays and rising gas fees.
Pepe is in the incubator, getting ready to be reborn! 🐸🧪 pic.twitter.com/yjZuDr0cee
— Pepe Unchained (@pepe_unchained) August 14, 2024
Pepe Unchained is a token that is based on PEPE devising a plan to break free from his chains and embrace the future with Pepe Unchained. With the new ICO, Pepe Unchained leverages Layer 2 blockchain technology to offer double staking rewards.
The project is also set to tackle the scalability, speed, and efficiency issues that often plague meme coins built on Layer-1 blockchains like Ethereum. As a result, Pepe Unchained enables investors to seize market opportunities with greater efficiency.
Token holders can also earn passively through the platform’s staking system, which offers 223% annual rewards.
You can buy $PEPU tokens for $0.0090901 each. With a price hike coming in about one day, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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