$LEND. 1D. Protracted correction begins.Target - $0.3
Aave (LEND) is the DeFi lending protocol that allows users to lend and borrow a wide variety of cryptocurrencies using both stable and variable interest rates.
Today on 10 September, this project came out on top in terms of capitalization among Defi with $1.55 billion ("with a help" of Sushiswap, which separated from Uniswap and brought $1.3 billion)
Aave (LEND) for 12 months from 08.2019 to 08.2020 has risen in price by 30,000%, that is x300.
Since the beginning of March, LEND has shown an almost parabolic growth, which sent prices to a record high $0.90 on 26 August.
But it looks like Aave (LEND) is starting a protracted correction.
At least, horizontal volumes show sales above $0.54
Parabolic growth without corrections shows itself and can provoke a strong fall, at least to $0.27-0.30, in order to find a fair market price with equilibrium supply and demand without information "inflation" of the price.
Hype growth will be eligible for continuation if the price fixes above $0.75.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Today on 10 September, this project came out on top in terms of capitalization among Defi with $1.55 billion ("with a help" of Sushiswap, which separated from Uniswap and brought $1.3 billion)
Aave (LEND) for 12 months from 08.2019 to 08.2020 has risen in price by 30,000%, that is x300.
Since the beginning of March, LEND has shown an almost parabolic growth, which sent prices to a record high $0.90 on 26 August.
But it looks like Aave (LEND) is starting a protracted correction.
At least, horizontal volumes show sales above $0.54
Parabolic growth without corrections shows itself and can provoke a strong fall, at least to $0.27-0.30, in order to find a fair market price with equilibrium supply and demand without information "inflation" of the price.
Hype growth will be eligible for continuation if the price fixes above $0.75.
___________________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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