Smart Money Accumulating AAVE Over the Past Week Fuels Breakout—Will AAVE Stay Above $180 Now?

Smart Money Accumulating AAVE Over the Past Week Fuels Breakout—Will AAVE Stay Above $180 Now?

Key Insights:

  • AAVE is among the top 2 most accumulated by Smart Money in the past 7 days.
  • AAVE’s breakout has been confirmed but needs to stay above $180 for a bullish continuation.
  • AAVE’s stablecoin, GHO, supply is at all-time highs.

AAVE’s daily price movement from November 2022 to March 2025 showed significant volatility. The cryptocurrency traded above $160 since Election Day in the US of November 2024, then skyrocketed to $400 within the middle of December 2024, resulting in an explosive growth. 

AAVE made a descending triangle after its peak when sellers established strong support at $180 while producing lower highs at $380, $350 and $320. 

The altcoin’s support was at $180 as the price fell to $176 before returning to $191.96 by the market closure. 

AAVE/USDT
AAVE/USDT daily chart | Source: Trading View

On the MACD indicator, the signals as of press time showed a mix of positive and negative momentum through two circumstances: the MACD line sat under the signal line at -9.98 and the positive histogram reached 4.39, which suggested buying volume had kicked in.

The market position for AAVE remained above $180 with a need for enduring market strength. The price could move up towards the $250-$300 range after a bullish breakout over $220 but might fall to $150-$160 if it cannot sustain staying above $180. 

The prices may pause their decisive move if they consolidate between $180 and $220. Major trend direction depends on whether AAVE maintains its position above current support level within the descending triangle pattern.

How Smart Money are Accumulating AAVE

Smart Money participation in AAVE also made the DeFi token the second most purchased cryptocurrency behind LINK as its 7-day purchase activity reached $769.7K. 

The token’s pricing suggested market demand exceeded supply as buy volume topped sell volume by an amount of $759K. This led to an average purchase price of $179, which rose to around $181. 

Declarations from investors resulted in AAVE reaching $191.96 as the token surpassed the $185 resistance level. This upward movement received additional strength from a bullish MACD crossover signal that indicated an ongoing upward momentum. 

Smart Money accumulation of tokens
Smart Money accumulation of tokens | Source: iCryptoAI

The momentum of extended purchases could drive AAVE towards reaching $218 resistance while attracting growing numbers of investors trust in its potential. 

Other tokens that the Smart Money accumulated were a total of PEPE ($813K net volume), SPX ($184K), MKR ($196.7K), STG ($147K), ENA ($108.8K), RLB ($90.6K) as well as WTAO ($112.1K) which experienced significant accumulation. 

These investors displayed comparable interest in both AAVE and PEPE because their cumulative trading volumes stood at $784.4K and $764.8K. The sustained interest in AAVE would result in a future position for major value gains.

Supply of AAVE’s Stablecoin at ATH

For its stablecoin, GHO supply hit $215M to achieve its all-time high mark, and at the same time, stablecoin transactions amounted to a high of above $96 Million as March 2025 enters its final week. 

A slight drop in supply of GHO stablecoin had reached around $200 Million shortly later but transfer volume fell to $26 Million and demand for stablecoins was still not robust despite an increase in supply.

GHO’s expansion to a supply valued at $215M positions it at 21st place among stablecoins following the increased usage. 

GHO supply and volume
GHO supply and volume | Source: Artemis

The 18.2 million GHO borrowings using Lido network led to AAVE token value rise slightly because they diluted the scarce supply. The Horizon AAVE platform had a DeFi structure with permissioned money market funds that were apt assets for purchasing GHO and USDC. 

Horizon’s open liquidity framework benefited users since they acquired unrestricted system access even though Arc provided limited access to its operations. 

The uses of AAVE depended on the possibility of institutions’ endorsement though success in the market unveiled its possible benefits. 

The 50/50 revenue-sharing mechanism between the project and Aave DAO could enhance the price performance of AAVE as Horizon grew since asset spread risks remained.