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.
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).
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.
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