AAVE Soars Above $100 Amid Regulatory Expectations and Strong Technicals

AAVE has returned above $100 after gaining nearly 12% in the past week.

This puts the token at a technical crossroads as multiple fundamental catalysts continue to support buying demand.

Regulatory expectations have been one of the key drivers behind AAVE's latest move, with its founder Stani Kulechov saying that the protocol's team has spent much of the past year meeting lawmakers in Washington, D.C., over the Digital Asset Market Clarity Act.

Kulechov said that Aave is supporting efforts to move the proposed legislation through Congress before lawmakers leave for the late-summer recess, which adds urgency to the discussions.