Aave Jumps on Market Rally and Governance Token Strength

Aave (AAVE) gained 4.5% in value over the past 24 hours, fueled by a combination of factors.

The market rally, which saw a 6% increase in total crypto market cap and a 3.2% rise in altcoin market cap, played a significant role in AAVE's move.

Governance tokens such as UNI, LDO, and others have been performing well, with Aave participating in this trend.

A new proposal to add HINC, the Neuberger Securitize High Income Tokenized Fund, as collateral on Aave Horizon has drawn attention to the project's institutional RWA collateral and cross chain security efforts.

Technical analysis suggests that AAVE is pressing against resistance around $98 with price already above major EMAs and momentum 'picking up', but with volume lagging slightly.