Aave is showing a sign of stability near the level of $ 265 after a sharp retracement, even it creates the first decentralized finance protocol to cross $ 60 billion in pure deposits.
Summary
- Aave price is consolidated at $ 265, 3% daily, but 6% below in 30 days.
- Net Deposit Top $ 60B, while Tvl and fees signal demand for Defi.
- Technical indicators remain neutral, with a capacity of above $ 280.
At $ 265, AAVE (AAVE) is 3% in the last day, but is 4.8% for the week and 6% for the last 30 days. This price movement coincides with an important on-chain milestone. Borrowed Protocol is now the first DEFI project to reach a net deposit of more than $ 60 billion according to his AGG. 6 posts on X.
Net deposits refer to the difference between total supplied assets and borrowing assets. A positive film indicates that more money is being given than to withdraw more money or borrow, reflecting the capital impact and the user’s confidence. AAVE founder Stani Kulechov implicated milestones as evidence of increasing interest in Defee.
Aave on-chain Matrix Surge but Market Activity Cools
This trend is supported by defilama data. In early July, AAway’s TVL increased by more than 45%from $ 24 billion, which increased to $ 34.9 billion. Increased network fees increased by $ 48 million in June in June, increased protocol revenue, highlighting intensive use and borrower activity.
To promote developer adoption eclipse, AAVE released its V3 Developer Toolkit on August. 6. These volts enable the protocol to provide borrowed strategy with customized risk settings, which facilitates modular lending or yield generation.
Market activity remains cautious, which is a strong on-chain matrix. Aave’s 24-hour spot volume fell 13% to $ 297 million, which declined 19.3% to $ 503.6 million, per coaling data. Nevertheless, the open interest rose 4.1% to $ 561.9 million, which is quietly building, despite the silent volume, often signs one step ahead of a step.
A technical analysis
Aave appears to be close to important support levels. The MACD -9.31 is in the field of recession, which is neutral at the relative power index 43.3. The 100- and 200-day SMAs are still in the purchasing areas, but most small and mid-term moving interviews, such as 20-, 30-, 30- and 50-day EMAS, are displayed.
The terrible oscillator and stochastic RSIs are still neutral, but the speed has changed rapidly. Lower Bollinger band, which often serves as stages of local support level duration, is just below the price.
A MOT 20 -Day EMA will be confirmed if Aave BRROKE is decisively above $ 280, making room for the next resistance level, which is located at Betrayen $ 310 and $ 315. Aave can support around June 250, if $ 250 – $ 255 fails.
The dward pressure will probably be faster with a drop and mounting self-products under the lower bowling band.
