- Aave has experienced more than $ 200 million in liquidations, but poor debt has decreased, showing resilience despite market volatility.
- Despite a drop in prices of 6.25%, the Altcoin maintained its key support at $ 230, with resistance at $ 360.
Aave (Aave) has experienced significant liquidations in the last 24 hours, totaling more than $ 200 million. This has marked the largest liquidation event of the platform since August 2024.
These liquidations represent approximately 30% of all Aaves liquidations to date, reporting an increase in market volatility.
Despite the high liquidation volume, the Aave system managed to avoid a major increase in poor debt, which has in fact decreased.
The data show that although the liquidation events are serious, the overall health of the platform remains strong. This is reflected in the total amount of the liquidated debt, which amounts to around $ 369,580.
Source: X
Will the diagonal support hold for a sustained rally?
The price of Aave was faced with a sharp decline, lowering from 5.12% to its press time value of $ 259.34. A key resistance level was located at $ 360.00, while the support was $ 230.00, suggesting a potential fluctuation in future prices.
Technical indicators have shown a progressive accumulation of support for lower levels, which can provide a recovery base if the market stabilizes.
Ambcrypto’s analysis indicates that it has moved to a channel, with strong resistance forming $ 360.
Aave / USD Source: TradingView
On the other hand, the diagonal support and resistance line suggested potential rebound points for Aave, perhaps leading to a corrective movement up if the market shows signs of stabilization.
Depression of liquidations and network health
Liquidations in the last 24 hours have occurred in the midst of increasing concerns concerning the broader feeling of the market. Total liquidations on the AAVE V3 Ethereum (ETH) market amounted to $ 205,443,590.
At the same time, the Aave network continues to show a relatively healthy liquidity pool worth $ 18.3 billion in total locked value (TVL).
Source: X
Despite the high levels of liquidation, the Aave ecosystem has demonstrated stability, in particular in terms of collateral management.
The data shows an increasing number of portfolios eligible for liquidation, but the reduction of the bad debt indicates that the resilience of the system remains intact.
Who controls, bulls or bears?
Investors are currently navigating through a turbulent phase, as shown in the price movement and Aave’s liquidations.
However, the feeling of the market seems to be divided, Altcoin retaining a significant position despite the broader slowdown.
The feeling of the bullish and lowering market has remained relatively balanced in recent weeks, the bulls are slightly more numerous than bears.
Source: intotheblock
For the future, the price and the behavior of the Aave will largely depend on whether the platform can maintain its levels of support.
Read the forecast of Aave Prix (Aave) 2025-2026
The presence of key resistance points like $ 360.00 suggests that Aave could meet challenges to resume momentum upwards.
However, if the platform continues to effectively manage its risks of guarantee and debt, a price resumption could be in store.
