$AAVE Price Eyes $200 as Whale Buying Sphere Hits Key Fibonacci Support - CoinGape Analytics

Irma - Oct 13 - - Dev Community

AAVE's price dipped 0.83% on low volatility, pausing its recovery. A bullish reversal pattern hints at a potential rally as whale buying activity supports the trend.

A crypto whale recently acquired 31,173 AAVE tokens, worth $4.8 million, and swapped borrowed GHO stablecoins for USDC. Large holders now control 4.17 million AAVE, signaling growing investor confidence.

AAVE's price stabilized above the $135 support, aligning with the 50-day EMA and 38.2% Fibonacci level. A double-bottom pattern suggests a rally could push the price to $180 or even $200. If the breakout fails, support may be found at $115.

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