Summary: The AAVE cryptocurrency experienced a prolonged downtrend in 2022 and traded mostly below $100 throughout 2023. However, it crossed above the support bands in late 2023, suggesting a potential trend reversal. By early 2024, prices steadily climbed, breaking above $200 and using the support bands as a base. The bullish trend accelerated, with AAVE surpassing $400 in early 2025. However, the recent breakdown below the support bands could indicate a weakening uptrend. Revenue trends showed a significant recovery, with peaks surpassing $10 million in early 2025. AAVE reached $20 billion in total value locked (TVL) and $12 million in monthly revenue following the launch of V3.3. The upgrade introduced a token buyback mechanism, boosting investor confidence and increasing protocol efficiency. The future growth of AAVE would depend on DeFi adoption, lending demand, market conditions, and its ability to maintain high TVL.
Content Editor ( thecoinrepublic.com )
- 2025-02-26
AAVE Crypto Signals Bearish Outlook Despite Protocol’s Growth
