Aave The native token of the largest decentralized financing loan protocol (DEFI), strongly rebounded by last week which made it possible to travel the levels of key resistance on Friday afternoon.
The token has gained another 2% in the last 24 hours and is up 6% this week. He has supported $ 284 at $ 285, while he is currently consolidating around $ 290.
This decision occurred while the wider cryptography market rallied, with gains at all levels and Bitcoin exceed $ 122,000, approaching its August record. The wider market DEFI has also accelerated, reaching $ 219 billion in assets between protocols, a new record level, according to Defilma data.
Aave deposits have also climbed a record of $ 74 billion, cementing its higher position among the DEFI protocols, according to Defilma data. The platform appreciated new starters due to a recent partnership with the emerging chain plasma focused on stables. The plasma loans market on Aave has flowed over $ 6 billion in less than a week.
Technical analysis shows an important momentum
Technical indicators indicate an upward potential despite the short -term pressure of profit at current levels, according to the Coindesk data research model. However, resistance levels are firmly between $ 290 and $ 294 after repeated refusals.
- The price earns 2.33% in session 24 hours a day.
- The negotiation range covers $ 15.17 between $ 279.16 and extreme $ 294.33.
- The volume increases to 143,188 units, well above 37,000 means.
- Confirmed level of support at $ 284 at $ 285.
- The resistance area was established between $ 290 and $ 294.
- Intraday High reaches $ 290.37 before inversion.
- The consolidation model develops at current levels.
