The Aave (AAVE) cryptocurrency has experienced significant demand and has reached its highest point in 52 weeks. It has gained over 110% in the last three months, indicating strong buyer dominance. AAVE is becoming a popular lending protocol, attracting interest from smart money and other DeFi protocols. There is a rising parallel channel on the daily chart, and AAVE has consistently exceeded gains. The Relative Strength Index (RSI) and Money Flow Index (MFI) are indicating overbought conditions and significant investor speculation. Daily transaction volume and active addresses have also increased, suggesting growing investor interest. AAVE's total value locked (TVL) has surged by almost 100% since January 2024. Open Interest (OI) has also risen, indicating significant long buildup activity. Support levels are around $152 and $150, while resistance levels are around $163 and $170.
- Content Editor ( thecoinrepublic.com )
- 2024-09-23
AAVE Price Eyes $200 As Bulls Take Over: Right Time To Buy?