Aave Token continued his strong rally, reached the highest point since 1 February and rose 180% of the lowest level on 7 April.
Aave (Aave) rose to $ 312 when network growth accelerated. Facts to show The fact that the total value on the network has been locked rose to a peak of $ 27.5 billion, at the low point of $ 16 billion April.
The total borrowed amount rose to $ 17.5 billion, an increase of $ 10 billion on April 13, a sign that the protocol is grip.
The costs of Aave have also risen in recent months. It generated $ 40 million in May, an increase of $ 33 million in April. The most striking is that the cumulative income reached the most important resistance level at $ 210 million and $ 211.7 million.
A price has risen if the amount of Stern Climbed to the highest level since February. There are now for $ 912 million in stress -coins, an increase in the low point of this month of $ 350 million.
The rally also coincided with an increase in Futures Open Interest, which rose to a record high of $ 745 million, compared to the year to date of $ 180 million. Public interest signals signals growing demand from investors.
In the meantime, Aave’s offer on exchanges has fallen from 3.8 million in December last year to 3.06 million today. The total profit profit has risen to 1.25 million, the highest level since January.
Aave Price Technical Analysis
The daily graph shows that the Aave -token at $ 114.80, the lowest point on April 7. It recently broke above the resistance level at $ 282.10, the highest swing on 27 May.
Aave has formed a golden intersection, because the exponential advancing averages of 50 days and 200 days remain up. Likewise, the relative strength index and the average directional index have both continued to rise.
Token is likely to continue to climb if Bulls Target last year the highlight of $ 398.85, his peak in December and 28% above the current level. A drop under support for $ 282 would invalidate the bullish prospect.
