TL;DR:
- Aave consolidates its DeFi dominance with over $23.7 billion in active loans.
- The Ethereum network supports 80% of the protocol’s liquidity, reaffirming its security and scale.
- AAVE’s technical analysis signals a bullish breakout with price targets set between $200 and $220.
The undisputed leader of decentralized finance (DeFi) has a lot to celebrate. At the start of the week, they achieved a milestone of $23.7 billion in Aave loans and token price activity, showcasing enviable resilience.
The platform’s growth is no coincidence; it reflects user confidence in the protocol’s infrastructure. Currently, at least $19.4 billion of that volume operates on the Ethereum network, acting as a stabilizing anchor.
While other competitive networks have emerged, Ethereum continues to do the heavy lifting thanks to its deep liquidity. This allows Aave loans and token price to maintain efficient dynamics for both large institutional and retail investors.
Technical Breakout: AAVE Invalidates the Bearish Trend
From a market perspective, the outlook is aligning with the project’s solid fundamentals. Recently, the asset broke out of a descending triangle structure that had kept it pinned between $131 and $136.
After crossing above the 50-day moving average, investor sentiment made a 360-degree turn toward optimism. This decisive breakout flipped old resistance levels into key supports to sustain the token’s price.
Analysts indicate that if the price manages to consolidate above $155, the path toward $200 appears clear. Furthermore, indicators like the RSI remain in neutral zones, suggesting there is still room for growth.
In summary, although the weekly MACD shows a slight pause in momentum, the overall bullish structure remains intact. The $182 and $220 levels are now the primary targets for those closely monitoring Aave loans and token price in this cycle.
