Aave (
$AAVE ) Market Update: Founder's Burn Hint Sparks 16% Surge, But $174 Resistance Looms
$AAVE surged over 16% to $166 after founder Stani Kulechov hinted at adding a token burn mechanism to Aavenomics 3.0, on top of existing buybacks . The rally was fueled by a massive short squeeze, with futures volume jumping 150% and open interest up 20% .
Key Catalyst: Aave V4's "Equities Hub" on Base now lets eligible non-US users use tokenized Apple, Nvidia, and Tesla stocks as collateral to borrow USDC—a major RWA expansion .
Warning Signs: Exchange supply hit a 60-day high, rising 12% (146K AAVE) between Sept 16-28 even as price climbed . Buybacks remain paused since April, and the burn is still just talk—no proposal or timeline exists .
Key Levels: Resistance is $174.66—a sustained break opens $180-200 . Support sits at $152, with the 200-week EMA as the bigger test .
Binance Trade Setup: A cautious long only if
$AAVE holds $160 and breaks $174 with volume, targeting $180-185, stop below $152. The burn narrative is real but unconfirmed—don't chase blindly. DYOR.
#AAVE #analises #Binance