A price of a token has already risen by more than 132% from the lowest level in April, and a rare technical education points to another 50% increase.
Aave (Aave), the largest player in decentralized finances, continued to do well this week while the total assets in his network jumped to a record high.
By websiteThe total market size on Ethereum has risen to $ 33.5 billion, with the borrowed $ 13 billion. The available resources for borrowing have risen to $ 20.45 billion.
Aave is also growing in other chains, such as Base, Sonic and Arbitrum. The total market size on the recently launched Sonic has risen to $ 383 million, while this week reached $ 882 million on the base.
Aave’s Gho Stablecoin has also obtained market share because market capitalization to a record high of $ 255 million jump.
Data showing that Futures open interest rose to $ 550 million, the highest point this year, further supports the Uptrend. Rising open interest indicates that Aave has a sufficient demand in the Futuresmarkt.
As the graph below shows, Aave has a positive financing percentage since 6 May, a sign that investors expect that the future price will be higher than the place.
The balances at fairs have continued to fall. Coinglass data shows that 2.16 million coins are on exchanges, by one year to date of 2.72 million.
Aave Price Technical Analysis
The daily graph shows that a price has risen in recent weeks. This rebound happened after it had formed a falling wig pattern, a popular bullish reversing board.
It is now moved above the 50% Fibonacci retracement level, while the average directional index has been moved to 40. An ADX figure of more than 25 indicates that the trend strengthens.
Aave has formed a Golden Cross because the progressive averages of 50 days cross each other. That is why the path of the least resistance for Aave Bullish, with the next point to look as the last high point of $ 400.
