Can AAVE Crypto Eye $200 Amid Rising Activity, Especially from Whales

Key Insights:

• Nansen data flags rising on-chain activity around AAVE Crypto.
• AAVE price reclaims bullish momentum, but here’s why it may just be beginning.
• Active loans and steady growth in active holders may support AAVE’s current optimism.

AAVE crypto is back on the digital assets radar as the market goes through another bullish relief phase. Bullish excitement has been bubbling, but before you get excited, here are some things that you need to know.

AAVE crypto has been severely discounted over the last few months, but it is uniquely positioned to capitalize on demand. That’s because it receives organic demand, especially as the AAVE protocol sees more activity and trading demand returns.

Unsurprisingly, the current market conditions align with those two major factors. Nansen data recently detected significant on-chain activity around AAVE crypto. Moreover, two large whales were observed accumulating AAVE crypto. NANSEN analysts previously observed major buys from two addresses on 15 April.

Rising whale activity suggests that whales were positioning for a potential bounce. Unsurprisingly, the cryptocurrency has been reacting to bullish momentum.

AAVE Crypto Pulls Off Noteworthy Weekly Uptick

AAVE traded as low as $87 this week, but it has since surged to its $113 price tag at press time. A 31% bounce from its weekly low. This recovery also occurred after the price had almost retested its 12-month low.

A key observation pertaining to the RSI was that it surged close to levels seen near its peak in August 2025. This RSI bounce may signal solid accumulation, thus aligning with the cryptocurrency’s bullish activity this week.

Surging accumulation activity, including from whales, suggests that investor sentiment is now shifting. Perhaps it is even a sign that analysts have been eying a recovery, given how heavily discounted the AAVE price was.

If AAVE price manages to overcome the consolidation zone resistance, it could retest key resistance levels near $180 and $200. This means AAVE crypto may rally by 50% to $80%. This newfound demand wave also reflected the overall market mood during the week.

Most of the top coins, including Bitcoin, have been enjoying some upside. This market-wide response suggests that a retracement was also a risk that traders had to accept. Macroeconomic factors have been the primary factor suppressing prices.

Organic Activity Backs AAVE Crypto Demand

AAVE price action was not just a reflection of recent market demand. It was likely also an outcome of rising activity on the Aave protocol. There was no doubt that the bear market negatively affected businesses.

The number of active loans dropped from 30.15 billion in mid-September. However, that figure has since cooled to $16.26 billion in active loans. They have since bounced back slightly to $17.5 billion.

The slight uptick in active addresses suggests that loan demand is back on the rise. Meanwhile, the number of asset holders has been ticking higher over the years.

For context, the Aave protocol had fewer than 9,000 asset holders in January last year.  That figure has since surged to more than 30,000 asset holders.

The surging asset holders may signal rising appeal among investors. This rising number of holders reflects the aforementioned accumulation.  Now the big question is whether the market will continue to extend demand, especially considering all that has been going on at the macro scale.

Nevertheless, AAVE crypto remains one of the top coins that may deliver an explosive recovery in the days or weeks to come.