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TronWeekly

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Aave (AAVE) Surges 24%, Eyes $285 as Buyers Dominate Price Action

  • Aave (AAVE) surged by 24%, surpassing multiple resistances with strong volume and bullish technical signals.
  • Key resistance for AAVE is at $268, with potential next targets set at $285 and $303 if the current momentum is sustained.
  • The surge in AAVE's price follows the U.S. Senate's progress on the GENIUS Act, bringing regulatory clarity that could attract institutional investors.
  • Technical indicators show AAVE is trading strongly above key moving averages, with bullish momentum, although caution is advised due to overbought conditions.

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