The AAVE cryptocurrency has experienced a surge of 30% in the past week, breaking out of a descending channel and setting its sights on a $500 price target. This bullish movement is attributed to strong technical patterns and increased activity among large investors. Analysts expect the breakout point to continue rising to $500, marking a 47.87% increase from previous levels. A consolidation phase is considered over, and the market is now in the control of buyers. AAVE's supply is concentrated among large holders, indicating institutional participation in price movements. Additionally, the correlation between AAVE and Bitcoin is low, suggesting that AAVE's price is driven more by internal dynamics and technical patterns. Key levels for AAVE are $400 and $500, which could serve as important milestones if reached.



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