Aave surges 17% to $175 despite US Treasury yields above 5%
- —AAVE rose over 17% on September 29, from about $149 to above $175
- —The token cleared its September ceiling of $150–155 and trades above key moving averages
- —10-year US Treasury yields topped 5%, the highest since 2007
- —On September 28, Aave proposed raising the USDe borrow rate from 6.3% to 6.6%
Why it matters: Holding $150–155 would turn former resistance into support; a drop below it would signal the rally ran too fast amid competition from Treasuries.
Source: AMBCrypto