$AAVE is the leader in DeFi lending, the token of the Aave platform, with a total supply of 16 million.
Users can earn interest by depositing money, and when borrowing, they need to have collateral, and can also engage in flash loans for arbitrage.
Personally, I am quite optimistic about this coin and believe reaching 330 shouldn't be a big problem.
However, for it to rise to 330, while there's a possibility, the difficulty is not small.
Currently, institutions have quite different predictions, with the highest seeing it above 500, but it must meet stringent conditions like Ethereum scalability and TVL breaking 10 billion.
Recent on-chain data shows that retail holdings are increasing, and Gas fees have also dropped, indicating an increase in activity within the ecosystem.
However, on the technical side, there are signals of a tug-of-war between bulls and bears, with the daily chart showing a doji star, and short-term support at 85.
If the DeFi market can explode in the fourth quarter, or if the protocol undergoes a major upgrade like V4, it may break through the key resistance level.
