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The Aave price surged 28% in the last 24 hours to trade at $353.80 as of 02:23 a.m. EST on trading volume that jumped 28% to $2 billion.
This comes as crypto wallets connected to the Trump family-supported World Liberty Financial (WLFI) project purchased millions of dollars worth of various major tokens.
Data shows that WLFI purchased $1 million in AAVE tokens using USDC. This acquisition was made alongside $1 million in LINK tokens and $10 million worth of Ethereum (ETH).
Aave Price Currently On A Sustained Bullish Trend
The 4-hour chart for AAVE/USD showcases a parabolic upward curve, a hallmark of exponential AAVE price growth. This parabolic move was initiated after a consolidation period near $266–$288, depicted by the purple rectangular region, according to data from GeckoTerminal. Following the consolidation, the price decisively broke out, gaining momentum to reach $353.80, a significant rally.
The 50-day Simple Moving Average (SMA) and the 200-day SMA are both sloping upwards, with the price far above both, signaling a strong bullish trend.
Meanwhile, the Relative Strength Index (RSI) is at 76.73, indicating overbought conditions. While this confirms strong buying pressure, it also suggests a risk of short-term correction or consolidation as traders may look to lock in profits.
The MACD line (blue) is sharply above the signal line (orange), and both are in positive territory, confirming strong bullish momentum. The increasing histogram bars further reinforce the continuation of the trend.
Given the parabolic curve and momentum indicators, the Aave price is likely to continue its bullish trajectory in the short term. If the price of Aave sustains above the $340 support zone, it could push toward the next psychological resistance and the next target level around $380–$400.
However, the overbought RSI signals the possibility of a pullback. A correction could see the price retest support at $287 or even the $273 (50-day SMA) level before resuming its upward trajectory.
As the AAVE price soars, investors looking for new investment opportunities might want to consider a meme coin ICO called Flockerz (FLOCK), which offers a stratospheric annual percentage yield (APY) of 455%.
According to ClayBro, a prominent crypto analyst on YouTube with over 131K subscribers, FLOCK is poised to achieve massive gains after its launch.
Flockerz Presale Closes On $6 Million Milestone
The Flockerz presale continues to gain momentum and has now surged past $5.8 million in funds raised.
Flockerz is a community-controlled meme coin that has a unique Vote-to-Earn (V2E) incentive mechanism. V2E puts the power back in the hands of the community – allowing them to vote on key decisions and get rewarded for the effort in FLOCK tokens.
Through this mechanism that Flockerz pioneers, decentralization takes a step further and paves the way for how meme coin projects may evolve in the coming years.
I present to you the crown jewel of Flocktopia! 💎👑
Want to join in on the fun? Go here: https://t.co/HKN509Un5J pic.twitter.com/PM2RDdA18L
— Flockerz (@FlockerzToken) December 11, 2024
In this way, FLOCK holders have a say in critical decisions such as protocol changes, budget allocations, adjustments to tokenomics, grant approvals, investment strategies, and so on.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.00635 per token using BNB, ETH, USDT, or a bank card.
Buy FLOCK before a price hike in slightly more than two days to secure the best deal.
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Best Wallet - Diversify Your Crypto Portfolio
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