AAVE, one of the most prominent DeFi tokens, has made a bright start to July. The coin is experiencing a price rally, jumping by more than 26% in the past week. Overall, the AAVE market seems to be enjoying much attention as shown by recent high whale activity.
AAVE Aims For $90 Again – Price Action
AAVE has been on a positive run in the past few weeks. Since reaching a yearly low of $50 in mid-June, the token has been on a bullish course, which has seen its value rise by over 53%.
Related Reading: Lido (LDO) Sustains Weekly Run With 16% Gain – What Fuels It?
It is worth noting that the price of AAVE declined for a few days after touching the $75 mark on June 26. This fall caused the token to shed most of its price gain at the time. However, the DeFi token appears to have fully recovered from this loss, with its yearly high of $91.73 now in sight.
According to historical price data, there seems to be resistance at the $80 price zone. So the AAVE token would need to overcome t
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