AAVE just went vertical - up 22% in a day and sitting around $264. Volume’s up over 60%, making it one of the top gainers this week. But this pump isn’t just hype - there’s a solid narrative behind it.
🧠So What’s the Catalyst?
The U.S. Senate just pushed forward the GENIUS Act, a bill focused on regulating stablecoins. That might not sound exciting, but for DeFi players like AAVE, which rely on stablecoin liquidity - it’s a huge deal. More regulatory clarity could mean more confidence, more users, and way more capital flowing into the protocol.
📊 The Charts Back It Up
AAVE just broke out of an ascending channel that’s been building since early May. It's holding above the 50-period SMA at $228 and heading into resistance at $270–$275. RSI’s creeping toward 70 - maybe we cool off a bit, maybe not. But the breakout’s clean.
💰 TVL Doesn’t Lie
Aave’s Total Value Locked just surged to $30 billion, up 25%. TVL rising alongside price = strong hands moving in, not just weekend speculators.
🧠What’s Next?
If AAVE clears $275 with volume, $300 is the next psychological target. If it fades, $230 is the likely bounce zone. Either way, this move looks more than just a random meme bounce.
📊 WhiteBIT Chart: AAVE/USDT (4h)
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