AAVE is up more than 13% in the past 24 hours as investors react to new developments surrounding the protocol’s long-term tokenomics.
Trading volume reached over $546.6 million, while market capitalization reached $1.44 billion, reflecting strong participation in the market.
The rally followed comments From Aave founder Stani Kulechov, who has denied claims that Aave Labs plans to sell AAVE tokens at a significant discount.
Instead, he reaffirmed that 100% of Aave Protocol and GHO revenue belongs to the AAVE token, noting that the protocol currently generates approximately $134 million in revenue annually for the Aave DAO.
He also revealed that Aavenomics 3.0 is under development and will offer an automatic buyback mechanism.
Foreign exchange reserves increased despite strong demand
As sensitivity increases, Foreign Exchange Reserve USD It also rose 16.97% to $229.49 million, indicating more AAVE was moving into exchange wallets.
Such entries often increase the amount of tokens available for trading and can increase the likelihood of taking profits following a strong rally.
However, buyers absorbed this additional supply without allowing the price to give up its recent gains.
The balance showed that demand remained healthy even as foreign exchange liquidity expanded. The gap between growing reserves and sustainable price strength showed that bullish expectations outweighed immediate selling pressure.
Despite this, ongoing reserve growth will continue to be worth monitoring because additional foreign exchange inflows could slow the recovery if purchasing demand weakens.
Will AAVE finally regain the $100 barrier?
GHOST It recovered from the June low at $60 and reclaimed the $90 support level before moving towards the main supply zone around $100.
The daily chart now shows a series of higher lows, indicating a marked improvement in market structure after weeks of persistent selling.
Meanwhile, the Relative Strength Index (RSI) climbed to 69.22 and settled just below the overbought zone, confirming that purchasing power continues to increase.
The $100 area remains the most important technical hurdle, having rejected previous recovery attempts earlier this year.
A successful move above this level will reveal the next resistance near $115. But another rejection could encourage short-term consolidation before buyers attempt another breakout.
Liquidity supports another resistance test
The Liquidation Heat Map showed the largest concentration of liquidity in the $90 region, almost matching AAVE’s trading price.
As long as buyers maintain the $90 level, nearby liquidity could underpin another move towards heavier liquidation clusters between $95 and $100.
These overhead pools represent the next major liquidity target and are closely aligned with the daily supply zone.
If buyers absorb the selling pressure in this zone, the price could rise as high as $100 before making a breakout.
Failure to hold $90 will weaken the bullish structure and could delay the next bullish attempt.
Final Summary
- Rising foreign exchange reserves increased sell-side liquidity but buyers continued to defend the $90 support zone.
- AAVE is now testing a major resistance and $100 remains the key breakout level to watch.
