CandleFocus Aave on the Verge of a Major Breakout Toward $200 Soon
2024-09-10
Author: Content Editor
The well-known analyst World of Charts has highlighted a positive development for AAVE, stating that it is on the cusp of another breakthrough and consolidating within a bullish pennant. They expect a 40% increase towards $200 in the event of a successful breakout. Aave has shown strength in recent months despite the decline in the altcoin market. Aave is currently trading at around $137.70 and is up 1.29% over the last 24 hours and 5.02% for the last seven days, supporting the analyst's analysis. However, there is criticism surrounding Donald Trump's World Liberty Financial developing a credit account system on the Aave and Ethereum blockchains due to its resemblance to a hacked DeFi project. Aave Labs has also proposed integrating BlackRock's BUIDL platform to improve the stability and yield of its native stablecoin, GHO.
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