AAVE is the biggest DeFi lending protocol in cryptocurrency with $16 Billion total value locked ( TVL ) and has been moving a little sideways since September 20th from $260 - $315.
We've been trading under the point of control (POC) at roughly $360 -$386 were the majority of buying and selling for AAVE has occurred since January earlier this year. Still a nice run up back to the the 0.382 Fibonacci level at $360 from these levels. $287 has been a sturdy support level since last month.
AAVE has also deployed on the Avalanche ecosystem this month further expanding their services and adoption. AAVE has experienced a 1000%+ gain in total value locked ( TVL ) from October 2020 were it was just under $1 Billion. That trend only seems to be getting larger. The TVL on AAVE is bigger than the current market cap of $4 Billion. Keep AAVE on your radars! This is a fundamentally strong cryptocurrency that will continue to grow. AAVE has been marinating still a nice amount of room on the RSI as well.
Much peace, love, health, and wealth!
We've been trading under the point of control (POC) at roughly $360 -$386 were the majority of buying and selling for AAVE has occurred since January earlier this year. Still a nice run up back to the the 0.382 Fibonacci level at $360 from these levels. $287 has been a sturdy support level since last month.
AAVE has also deployed on the Avalanche ecosystem this month further expanding their services and adoption. AAVE has experienced a 1000%+ gain in total value locked ( TVL ) from October 2020 were it was just under $1 Billion. That trend only seems to be getting larger. The TVL on AAVE is bigger than the current market cap of $4 Billion. Keep AAVE on your radars! This is a fundamentally strong cryptocurrency that will continue to grow. AAVE has been marinating still a nice amount of room on the RSI as well.
Much peace, love, health, and wealth!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.