Aave (AAVE)

Stablecoin deposits on @aave grew by $2.4B since April 26th.

When we look at the full picture for June:

- Monthly revenue crossed $11M
- Stablecoin deposits crossed $11B
- Token price is up 20% since the month started
- SVR fees recorded their 3rd highest month ever

We've seen very strong fundamentals for Aave throughout June, and there are still massive catalysts coming up, such as:

> @Monad's v3 deployment
> @Avax's v4 deployment
> @Arc's v4 deployment
> Native BTC collateral on v4 via @babylonlabs_io

Data by @Token_Logic.

Kraken reportedly offered to buy 15% of Aave at a $385M valuation. The protocol does $134M in revenue a year.

Founder Stani Kulechov's reply: "there is NO WAY we'd sell AAVE at a 70% discount lol." You don't buy the whole food truck for last week's taco sales.

$AAVE -86% CRASH CREATED A ONCE-IN-A-CYCLE OPPORTUNITY | $1,000 TARGET STILL POSSIBLE?

#AAVE Is Trading Around $98 Above Major Weekly Strong Support above $60 Which is HTF Accumulation Zone.
Structure Is Showing Clear Liquidity Sweep + Reaction From Multi-Year Ascending Trendline That Has Held Since OCT 2023.

Already Experienced -76% Correction From It's ATH, Classic Re-Accumulation Setup Forming.
Price Compressing Between Descending Resistance & Ascending Support. Breakout Imminent.

CURRENT TECHNICAL STRUCTURE:
➤ Bullish OB & Support (Accumulation Zone): $80-$60
➤ Price Must Hold Above $60 For Bullish Continuation
➤ Multi-Year Ascending Trendline = Strong Demand
➤ Weekly Close Below $60 = Bullish Invalidation

Upside Targets: $200 ➔ $350 ➔ $600 ➔ $1,000+ (~15x From Accumulation Zone)

IMO: AAVE/USDT Is Currently Trading Above Strong Support Level, A Generational Accumulation Range Before Massive Expansion. DeFi Blue Chip At 75%-86% Discount.

Purely TA Only | Not Financial Advice | Always DYOR

Your @aave Target This Cycle?

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