Local tokens for decentralized finance (defi) Lender a ave {{ghost}} On Tuesday, the Defi Lending industry was heating up, up to $290 in three weeks.
According to technical analysis data from Coindesk Research, AAVE’s volatility fluctuated significantly throughout Monday and Tuesday, rebounding from the $277.57 Nadir, up about 5%.
The model notes that the volume pattern remained robust throughout the period, exceeding 2,000 units in the breakout phase of 12:00-12:13, confirming real buying interest and validating the continued recovery from early session lows.
The model suggests that the recovery model indicates that lower levels of massive purchase interest are approximately $277.00-280.00, creating a potential support zone for future price action.
This move happened as the wider lending space was enjoying the Renaissance. Total value locked (TVL) In the industry, the new high soared to more than $56 billion, exceeding the 2022 peak level, Defilama data show.
AAVE plays a leading role in the growing trend: The protocol directs TVL $26.4 billion in 17 blockchains based on Defilama data. This means that AAVE’s assets on the platform are better than the complete 30 competitor loan agreements, a market observer Famous.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
