- Aave The price jumps as the exchange offer falls to a hollow of 3 years, referring to a strong feeling of detention.
- The fundamentals of the protocol shine with a record of 26.42 billion TVL dollars and coherent income.
- Optimistic techniques report $ 400 as the next potential price target.
Aave, the governance token for the Aave protocol, is on its Bull Run, reaching a record summit of $ 281 since February 2.
Aave Price reaches new heights: the rally extends beyond $ 280
The Bull Run, which started on April 7 when the token exchanged only $ 114.15. There is an increase of more than 145% in less than two months. The fundamental and technical principles in chain seem to underline this strong upward trend.
One of the strongest shrungers is the decrease in Aave exchange sales. Santiment statistics show that there are now only 3.17 million AAVE token detained in centralized exchanges, compared to 4.53 million in November 2023. This is the lowest exchange of exchange since February 2021 and can mean that holders prefer to hold or join Aave.
Rather than selling it. The lower exchange offer normally suggests reducing sales pressure and increasing the confidence of investors.
Total locked value increases by more than 30% in a month
Behind this feeling is the total recorded record location (TVL) of the Aave protocol. The protocol currently stores $ 26.42 billion on TVL, an increase of 30% in the last 30 days. The increase in TVL is a signal for increasing user activity and overall optimism in the DEFI of Aave model.
AAV costs are also stable, $ 33.8 million in fees. Before this month, a touch greater than $ 33.3 million in the previous month. This stability also makes one of the highest platforms on the decentralized financial landscape.
The markup also increases. The capitalization capitalization of development has become double that of last month and is now $ 800 million, compared to $ 454 million. Among Ethereum. The marked price prediction is higher as low as 84,000 ETH and is currently significantly greater than 300,000 ETH, which shows the increased trend in long -term maintenance strategies.
Even Aave's internal stablecoin, the GHO, has reached a summit of $ 265 million, more validating the growing ecosystem of the protocol.
Next target: $ 400
Technically, Aave Price Prediction formed a golden cross on its day table, where the 50 -day EMA crossed EMA of 200 days a classic optimistic indication.
The average directional index (ADX) has increased to 42, which suggests that the trend is strong. In addition, a break above 38.2% of the Fibonacci retracement level suggests increased dynamics, and the next significant target is $ 400, which can record an additional 45% return.
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