AAVE, one of the notable names in the cryptocurrency market, has recently experienced a significant upward trend over the past two days. The token gained 18% in value within 24 hours, reaching $379.02. This surge has enabled AAVE to achieve a remarkable 107% increase on a monthly basis, bringing it 43% closer to its all-time high (ATH) of $666.86 set in 2021.
MEV Issues and New Collaborations
Factors supporting AAVE’s recent rise include the Smart Value Recapture (SVR) project developed in collaboration with Chainlink 
$9. This initiative aims to redistribute revenues from maximum extractable value (MEV) back to users. With this project, 40% of MEV liquidation profits are redirected to AAVE users.
This development enhances participation in the AAVE ecosystem. Efforts are ongoing to improve processes related to liquidation bonuses and MEV optimization. Officials state that they are intensely working on the problems arising from MEV, believing that these initiatives will provide multifaceted benefits to ecosystem users.
Market Interest and Technical Indicators
AAVE’s market volume increased by 62% in the last 24 hours, reaching $1.44 million. This growth highlights significant interest from market participants in the token. According to technical analysis, AAVE’s price is currently above the critical resistance level of $342. Analysts expect that if the price surpasses $386, the token’s value may rise to $410.
Supporting this positive outlook are favorable technical indicators. The RSI remains neutral, and moving averages support buying pressure, creating a conducive environment for price increases. The formation of an “Adam and Eve” pattern on the charts also suggests that this upward trend may continue.
Reaching its highest level in three years, AAVE continues to attract attention with its market movements and innovative projects. This activity in the cryptocurrency market is closely monitored by participants.
