The crypto market has recently faced significant declines, but Aave [AAVE] has proven resilient. In August, Aave surged in price while other cryptocurrencies struggled.

As one of the top-performing DeFi protocols in recent months, Aave has seen steady growth in both user count and market performance.

The exchange reserves for stablecoins have increased, particularly USDT, suggesting that these funds are poised to flow into the market.

Aave's price rises have been driven by growing user count, the adoption of its stablecoin GHO, and the protocol's expanding presence in the DeFi market.

The article explores the potential for Aave to reach a price target of $260, based on the surge in USDT inflows and Aave's recent breakout from a key trendline.

Source: https://ambcrypto.com/aave-breaks-key-trendline-as-usdt-inflows-surge-is-260-next/

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