AAVE refuses for the second consecutive week, reflecting the performance of most of the ultCin as tariff risk was a concern.
Aave (Aave) token fell at a low of $ 196.4, its lowest level since 25 November, and currently 50% below its highest level this year.
The tokens have some catalysts that can push it up to 170% from the current level, at their all -time high of $ 666.
First, there are signs of increased accumulation by investors. Coinglass data suggests that the remaining amount of Aave on exchanges has crashed to the lowest level in years. The remaining amount increased to 2.2 million on Friday, below 2.67 million in December.
A significant decline in the exchange balance suggests that investors are holding their tokens rather than selling, which is a positive indicator. Conversely, increasing balances often indicate sales pressure, as investors transfer their holdings from self-customs to sell from exchanges.
Second, Aave is still the largest lending and lending protocol in the Crypto industry, with assets of about $ 20 billion. This is also one of the most profitable as the annual fee has exceeded $ 721 million. Toolminal Data shows that this year it has fees more than $ 103 million.
In particular, AAVE successfully handled over $ 201 million in liquidation on Monday as cryptocurrency prices fell. Despite adequate liquidation, no bad debt was acquired for AAV, and the total poor debt declined by 2.7%.
The network of Aave is also expanding. More than 440 million USDs StableCoins have been deposited in the network. Additionally, Aave has transferred the blockchain network owned by the basebase to the base, and is running a vote to activate On this line,
Aave price forecast
There are strong technical indicators in the price of Aave that suggest a possible rally in the coming months. It has formed a cup and handle chart pattern, with the upper limit $ 400. Recently Pulback Handle is part of the formation, which usually occurs after a strong rebound.
Aave has also created a small hammer candlestick pattern, indicating that the handle phase may end, leading to further move. The depth of the cup is approximately 90%, and measuring the same distance from the upper range suggests that the coin can increase to $ 765 in the long run, an increase of 200% from its current level.
