Aave shows signs of stability near the level of $ 265 after a clear break, even if it becomes the first decentralized funding protocol to exceed $ 60 billion in net deposits.
Summary
- Aave Price consolidates $ 265, up 3% per day, but down 6% in 30 days.
- The higher net net deposits of $ 60 billion, while TVL and the costs indicate a demand for an increasing challenge.
- The technical indicators remain neutral, with an increase potential greater than $ 280.
At $ 265, Aave (Aave) is up 3% in the last day, but down 4.8% for the week and 6% for the last 30 days. This price movement coincides with an important step on the chain. The loan protocol is now the first DEFI project to reach a net deposit of more than $ 60 billion, according to their post on August 6 on X.
Net deposits refer to the difference between the assets provided and the assets borrowed on Aave. A positive figure indicates that more money is ready than what is released or borrowed, which reflects capital entries and user confidence. Stani Kulechov, the founder of Aave, framed the milestone as proof of an increasing interest in Defi.
Aave on chain metrics increases, but market activity cools off
This trend is supported by Defilma data. Aave TVL increased by more than 45%, going from $ 24 billion in early July to 34.9 billion dollars. Network fees going from $ 48 million in June to $ 65 million in July, the protocol income also increased, highlighting a deeper use and an activity of the borrower.
To stimulate the adoption of developers, Aave published its V3 developer toolbox on August 6. The toolbox includes React hooks, SDKs and APIs to facilitate the deployment of loan boxes. These vaults allow protocols to provide loan strategies with personalized risk parameters, facilitating the modular loan or the generation of elements.
Market activity remains cautious despite the strong metrics in chain. The cash volume of 24 hours of Aave fell from $ 13% to $ 297 million, while the volume of derivatives dropped from 19.3% to $ 503.6 million, according to Coinglass data. However, open interests increased by 4.1% to $ 561.9 million, which suggests that the lever effect is quietly built despite the mute volume, often a sign of positioning before a move.
Aave technical analysis
Aave seems to consolidate near important levels of support. The MACD is in lowering territory at -9.31, while the relative resistance index is neutral at 43.3. SMAs of 100 and 200 days are still in purchasing areas, but the majority of short and mid-term mobile averages, such as EMAs of 20, 30 and 50 days, display sales signals.
The brilliant and stochastic oscillator are still neutral, but the momentum has become bullish. The lower Bollinger strip, which frequently serves as a local level of support during the consolidation phases, is just below the price.
Overcoming the 20 -day EMA would be confirmed if Aave moved decisively than $ 280, creating a space for the next level of resistance, which is located between $ 310 and $ 315. Aave could retest June slow around $ 230 if the support between $ 250 and $ 255 fails.
The downward pressure would probably be accelerated by a drop below the lower Bollinger strip and the growing sales volume.
