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AAVE nears $200 but may face profit-taking amid strong on-chain growth and rising lending demand.

Technical Signals
02 Oct 2026
AMBCrypto
View Source
Bullish
AAVE nears $200 but may face profit-taking amid strong on-chain growth and rising lending demand.

AAVE has surged over 20% this week, nearing the $200 mark with strong momentum driven partly by capital rotating from Bitcoin. Despite technical indicators showing overbought conditions that could prompt profit-taking, AAVE's on-chain metrics reveal robust growth. Total value locked (TVL) and fees have increased, reflecting strong lending demand on the platform. This suggests AAVE's price rise is supported by real network activity, potentially enabling it to outperform Bitcoin in the near term while targeting $200.

AAVE's market cap stands at Rp50.29 trillion as of Oct 02, 2026 16:21 WIB, with a notable 1-day price increase of 9.56% on Pluang. The platform shows a strong buy interest with 60% of orders favoring purchases and a typical hold time of 105 days. Meanwhile, Bitcoin trades at Rp1.54 billion with a market cap of Rp31,005.81 trillion, up 2.53% in the last day, highlighting AAVE's relatively higher short-term momentum on Pluang.

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