Aave shows signs of stability near the level of $ 265 after a sharp retracement, even if it becomes the first decentralized financial protocol that surpasses $ 60 billion in net deposits.
Summary
- Aave -price consolidates at $ 265, an increase of 3% per day, but decreased by 6% in 30 days.
- Net deposits Top $ 60 billion, while TVL and reimbursements indicate the growing Defi question.
- Technical indicators remain neutral, with upward potential above $ 280.
For $ 265, Aave (Aave) has risen by 3% in the last day, but 4.8% decrease for the week and 6% for the last 30 days. This price movement coincides with a considerable milestone on the chain. The credit protocol is now the first Defi project that achieves a net down payment of more than $ 60 billion, according to their 6 August Post on X.
Net deposits refer to the difference between total assets supplied and borrowed assets on Aave. A positive figure indicates that more money is lent than removed or borrowed, which is a reflection of capital inflow and user confidence. Stani Kulechov, the founder of Aave, approved the milestone as proof of growing interest in Defi.
Aave on-chain statistics rise but market activity cools
This trend is supported by Defillama facts. The Aave TVL rose by more than 45%, from $ 24 billion at the beginning of July to $ 34.9 billion. With network costs that increase $ 48 million in June to $ 65 million in July, the income from the protocol also rose and that deeper use and borrower activities.
To stimulate the adoption of developers, a issued The V3 developer tool kit on August 6. The toolkit contains React Hooks, SDKs and APIs to facilitate the implementation of credit houses. These safes enable protocols to offer credit strategies with adapted risk settings, which facilitates modular loans or generating yield.
Market activity remains careful despite the strong statistics in the chain. The 24-hour spot volume of Aave fell by 13% to $ 297 million, while the derivatives volume fell by 19.3% to $ 503.6 million, per Coinglass facts. Nevertheless, the open interest rose by 4.1% to $ 561.9 million, suggesting that leverage is quietly building despite the muted volume, often a sign of positioning for a movement.
Aave Technical Analysis
Aave seems to consolidate in the vicinity of important support levels. The MACD is located on Beerarish territory at -9.31, while the relative strength index is neutral at 43.3. The 100 and 200-day SMAs are still in purchase zones, but most advancing averages in the short and medium term, such as the EMAs of 20, 30 and 50 days, display sales signals.
The great oscillator and stochastic RSI are still neutral, but Momentum has become bullish. The lower bollinger band, which often serves as a local support level during the consolidation phases, is just below the price.
A movement beyond the 20-day EMA would be confirmed as aave decisively above $ 280 broke, creating space for the next resistance level, which is between $ 310 and $ 315. Aave can test Lows again about $ 230 June if the support failed around $ 250 – $ 255.
Downward pressure would probably be accelerated by a drop under the lower Bollinger band and the rising sale on the sales side.
