- Aave sees renewed investor confidence in the midst of Defi growth, loan activity and rising trading costs.
- Bullish Momentum can push Aave past his supply zone if the current market strength applies.
Aave [AAVE] sends shock waves in the decentralized financial space (Defi). If the leading on-chain loan protocol, the Altcoin is just as good with an incredible upward price momentum as a network activity.
The Aave price rose in the past week alone with a stunning 11% and the Altcoin attracts the attention of both traders and long -term investors.
The growth of the protocol remains in line with a wider bullish sentiment in the Defi room. It is warm, driven by higher user participation, the demand for filling and growing interest in Defi.
TVVL reaches record highs
One of the most important signs of the momentum is the total value of Aave locked (TVL), which was on the press of around $ 25 billion. This is a clear sign of increased investors interest and massive capital influx.
A rising TVL usually represents user activity and trust, two of the most important indicators for the success of Defi protocol.
AAVE’s raised TVL confirmed it as a market leader in loans. Investors committed more assets for the protocol and clearly showed an improved willingness to participate in decentralized loans and loans.
Source: Defillama
Trade volume and reimbursements confirm Bullish Case
Another bullish driving force is the jump in trade volume and daily costs for Aave. The network recently saw more than $ 10 billion in active loans in the books.
Such an intense activity on the loan side shows an increased usefulness and use in the chain in real life, adding more credibility to the projected rally.
Higher trade also creates more costs that contribute to the income of the protocol.
The increased daily costs of increased trading activity rewards strikers and token holders, which improves the fundamental attraction for the Altcoin among its investors.
Source: Sentora
Will Aave break the $ 265 supply zone?
With all the signals that lean on market momentum, the question now is whether Aave can break the current food zone at around $ 265.
The positive statistics on the chain, including TVL growth, trading costs and loan volume, paint-high probably bullish continuation.
If Aave keeps progressing in this way, a possible outbreak of the current resistance level can be on maps.
However, traders must remain vigilant for general market signals and Bitcoin trends, which influence Altcoin meetings.
Aave is currently established to achieve further profits – provided that this Defi force continues to steer them up.
Source: TradingView
Credit : ambcrypto.com
