- The AAVE price shows a bullish reversal from the bottom trendline of a falling wedge pattern.
- On-chain data show that an investment firm, Multicoin Capital, bought roughly 61,637 AAVE (worth approximately $10.94 million) at an average value of $177.
- A 50-day exponential moving average acts as dynamic resistance against coin buyers.
AAVE, the native cryptocurrency of the decentralized lending platform, jumped 6.59% during Monday’s market hours. The buying pressure emerged initially from a broader market relief rally and gained additional momentum as institutions showed their interest in this asset. The technical further bolstered the bullish narrative as the price rebounded within a falling wedge pattern.
AAVE Price Rebounds as Multicoin Capital Deepens Accumulation
In the past four days, the AAVE price has bounced from $147.13 to $180, currently trading value, registering a gain of 22.5%. The upswing initiated with Bitcoin price showing resilience above the $80,000 mark and gained additional momentum as some Federal Reserve officials stated dovish comments for a potential rate cut in December.
Another factor contributing to AAVE recovery is the steady accumulation of institutional investors.
Multicoin Capital has continued to add more exposure to AAVE, with fresh accumulation occurring earlier today. The latest blockchain information shows that the firm acquired another 61,637 AAVE, which is estimated at about $10.94 million, with the average transaction price hovering around $177.
This purchase is part of a larger trend of acquisitions that started about 6 weeks ago. During that time, Multicoin Capital obtained a total of about 278,000 AAVE tokens. The cost basis of the entire accumulation phase is computed to be close to $228 per token, giving the total investment value close to $49.52 million.
A certain percentage of these purchases came after AAVE experienced heavy price volatility in mid-October. On October 11, after a significant drop in price, Multicoin bought close to 210,000 AAVE at an estimated cost of $51.32 million; the entry price for that batch was close to $244.
Current market prices have the holdings under the initial cost, and there is an unrealized drawdown of approximately $13.9 million based on current valuations.
AAVE Price Eyes 7% Surge Before Major Resistance Retest
With today’s jump, the AAVE price trades at $178.25 and holds a market cap of $2.72 billion. The rising price recorded a notable spike in volume, indicating strong conviction from buyers to hold this recovery.
If sustained buying, the coin price is poised for a 9% surge and challenges the resistance trendline of a falling wedge pattern. Since late August 2025, the coin price has been actively resonating within two converging trendlines of the following wedge pattern.
A potential breakdown from the pattern’s overhead trendline would accelerate the bullish momentum and drive a further recovery in AAVE. 
On the contrary, the current downsloping trend in key exponential moving averages 20-50-100-200 will accentuate that the path to least resistance is a downward trend. Therefore, if the sellers continue to defend the upper boundary of the pattern, the coin price could reverse and prolong its downtrend within the pattern.
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