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Native token of decentralized finances (Defi) lender Aave {{SPIRIT}} On Tuesday, in three weeks, she gathered at her strongest price, while the top of $ 290 is warming the credit sector.
Aave has seen considerable volatility Monday and Tuesday, and according to Coindesk Research data, it bounced off from Nadir $ 277.57 to $ 291.11, gaining about 5%.
The volume patterns remained robust all the time, with significant spikes during the 12: 00-12: 13 escape phase, exceeding 2,000 units, confirming the authentic shopping interest and verifying permanent recovery from earlier minimum sessions, the model said.
The renewal formula proposes considerable purchase interest at lower levels around 277,00-280.00 USD, setting potential support zones for the future price action, proposing the model.
This step has happened because the wider credit space of Defi enjoys the Renaissance. Total value locked (TVL) In the sector it rose to a new maximum over $ 56 billion, which exceeded the level of the peak of 2022, Defillama data show.
Aave plays a dominant role in a growing trend: the protocol commands $ 26.4 billion on the TV at seventeen Blockchains, Data Defillama. This means that Aave has more assets on the platform than 30 other competing rental protocols, one market observer note.
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