Kraken: In Talks for 15% Aave Stake at $385 Million

Kraken is in advanced talks to purchase a 15% stake in the decentralized finance protocol Aave at a $385 million valuation, according to sources cited by CoinDesk.

With AAVE price sitting at $78.67, the token trades above both the EMA50 at $75.05 and EMA200 at $77.07 inside a bullish structure confirmed by the MACD golden cross at 1.7; RSI at 54.1 leaves room before overbought territory while the upper Bollinger Band at $84.02 acts as the next volatility target and the lower band at $68.2 remains distant support.