Native token of decentralized finance (Defi) AAVE Loan Platform
went up at its strongest price in several months on Monday
The Token Bluechip Defi exceeded $ 330 during the session before cooling over $ 316, winning 8% over the weekend.
The rally arrived when the Defi sector is heating in the middle of a broader cryptographic rally, with Bitcoin
Conquer new records above $ 120,000.
Aave is the dominant player in the defi loans, and has just reached the deposits of $ 50 billion in the protocol, a new registration level.
The platform is also about to be one of the greatest winners to advance in the cryptographic regulations of the United States, analysts said.
“AAVE is the largest loan platform in decentralized finances (Defi)And he could be a great winner of Genius Law, “said 21Shares digital asset manager in a Monday report.
The platform currently has 5% of all Stablecoin supplies to gain performance, more than any other DEFI protocol, the report said. It also emits your own stablecoin ghoin ghoin
which has a supply of $ 312 million.
Aave also aims to benefit from the growing wave of institutional participation and tokenization with the next Horizon project that will allow institutions to borrow stable when publishing assets of the real world tokenized, such as the funds of the monetary market as collateral, added the report.
Technical analysis:
The Coendesk market analysis model highlighted an upward structure for AAVE.
- The negotiation volume increases to 159,078 units during the morning session, confirming institutional accumulation and sustained purchase pressure.
- Base support for $ 304.25- $ 305.63 during the initial decline, providing base for the posterior rally phase.
- Resistance Cluster develops around $ 327.40, where multiple rejection attempts create a volume weighted roof.
- Psychological support at $ 320.00 attracts a constant demand during the entire consolidation period.
