AAVE is surging ahead of the crypto market, rising by 8.9% in recent trading. This increase is driven by strong fundamentals, including growing institutional interest and a $50 million annual buyback that supports long-term value.
The protocol's revenue and adoption are also on the rise, contributing to AAVE's outperformance. According to Trading View, a breakout above the $85-$90 resistance could open the door to $100, while failure to break this resistance may lead to a pullback toward $78-$80.
For traders, the advice is to buy only on a confirmed breakout above $90, hold and wait if the price remains below resistance, or sell if key support breaks. The annual buyback of $50 million supports long-term value, which could be a positive factor for investors.