Date: Tue, May 27, 2025 | 05:45 AM GMT
The cryptocurrency market has mounted a solid comeback in recent weeks, with Ethereum (ETH) continuing to lead the charge. ETH has surged more than 40% in the current Q2 and is now trading above $2,550 after hitting a high of $2,700 — a level not seen since late February. This renewed bullish momentum is lifting sentiment across altcoins , including Aave (AAVE), a major decentralized finance (DeFi) token.
AAVE is benefiting from the market’s positive momentum and is currently showing monthly gains of over 60%. But beyond price action, two powerful signals are flashing green for Aave: large-scale whale accumulation and a classic bullish chart pattern that has historically preceded explosive moves.
Source: Coinmarketcap
Whale Accumulation
As AAVE continues gaining traction, whales are quietly—and significantly—adding to their holdings. According to insights from Lookonchain , Whale 0x372c recently purchased another 18,627 AAVE ($4.96M) just 3 hours ago.
In total, this whale has acquired 118,768 AAVE ($29.14M) since May 1, and now holds 261,064 AAVE, currently valued at approximately $69.8M. This level of accumulation signals strong institutional or high-net-worth conviction in AAVE’s future price trajectory.
Bullish Pattern Signals Big Rally Ahead
Technically, the weekly chart of AAVE is showing a cup and handle pattern—a classic bullish continuation setup known for signaling major upside breakouts. As illustrated in the chart below, AAVE formed a rounded bottom throughout 2022–2024, followed by a temporary pullback forming the “handle.”
AAVE was previously rejected at the neckline resistance near $399 back in mid-December 2024. It then corrected toward the $114 support zone, where it found strong support along the 100-week moving average (marked in red).
AAVE Weekly Chart/Coinsprobe (Source: Tradingview)
Since that low, AAVE has rallied back to $270, breaking out of the handle formation and reigniting bullish momentum.
What’s Next for AAVE?
If the cup and handle pattern plays out as expected:
- Immediate Target: Retest of the $399 neckline (~46% upside).
- Breakout Target: A move toward $667, with a technical projection up to $752 — a potential 178% rally from current levels.
This scenario would confirm the bullish continuation and place AAVE among the top DeFi gainers of this cycle.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
