AAVE drinks 95% since April to fall, solid Supply Sparks Stilla

Avena price continued on Saturday, reaching its highest level from 6. March this year, because he fell in its network that was locked in his network.

AAVE (Take) It was raised to $ 221.91, rose 95% of its lowest level 7. April, bringing their market hat at over $ 3.3 billion.

Mobilic data show that investors continue to accumulate more Ave Aven, especially after Ethereum (El) He broke hard and tested the point of resilience to $ 2,400 for the first time since February.

AAVE Exchange balances fell to 4.76 million, a week ago, up to 4.87 million a week ago. This decline has passed a total exchange offer at 29.74%. The power of the stock market is a sign that owners are not sold, which is a positive thing for a coin.

The Avena price also jumped while strengthening its position as the largest player in the decentralized finance industry. Defi Llama The data show that its total value is locked by 35% in the last 30 days to $ 24.2 billion, which makes it much larger than Lido (LDO), which has 21.6 billion dollars of property.

This growth made from the most profitable players in the Cripto market, as well as its annual fees jumped to $ 224 million.

AAVE is a decentralized “banking” platform that allows users to earn from their empty property funds. This interest comes from its borrowing operations, allowing users to borrow at competitive rates.

Technical analysis of the price AEE

The daily shows that the AANA price of the bottom of $ 113,50 is 7. April, refusing to the highest level of 6. March. He jumped above the 50-day exponential average average and a crucial psychological point to $ 1,000.

The relative power index moved to the level with excessive views at 75, while the MACD indicator crossed the zero line.

This jump happened after forming a decline in the wedge of the wedge between December and April. Therefore, the coin will probably continue to increase because the bulls target resistance levels to $ 400, the highest point in December.

Such a move would signal 83% increase from the current level. The fall below support to $ 170 cancel the Bullish look.