📉Market Trend for Today (May 29, 2025)
The forecasts for today indicate a slight downward trend. The PandaForecast projects a target price of $263.22, with variations between $259.27 and $267.01, suggesting a negative dynamic with volatility of approximately 2.9%.
Additionally, the recent rise of Ethena, with an increase of $1 billion in collateral, is challenging the loan demand from Aave, which may further pressure the price of AAVE.
💰Conclusion
For today, the trend is a slight decrease in the price of AAVE, influenced by factors such as competition in the DeFi sector. However, the projections for the short and medium term are mixed, with some indicating recovery and others suggesting a continuation of the decline. It is advisable to closely monitor market developments and consider external factors that may impact the cryptocurrency's performance.
