🏛 Overview
The Aave project is considered one of the most prominent decentralized finance (DeFi) protocols on the Ethereum network.
Initially launched in 2017 under the name ETHLend with the aim of providing a platform for lending and borrowing in cryptocurrencies, it was renamed to Aave in 2018 to become one of the first and strongest decentralized lending protocols.
What distinguishes Aave is its offering of loans with variable or fixed interest, the ability to lend without collateral through 'Flash Loans', in addition to high flexibility in managing digital assets.
Today, Aave is considered a key player in the DeFi world with billions of dollars in total value locked (TVL).
📊 Current price and key data
Current price: 355.4 dollars
Highest price during the day: approximately 356 dollars
Lowest price during the day: approximately 325 dollars
All-time high (ATH): 661 dollars (May 2021)
All-time low (ATL): 26 dollars (November 2020)
🔍 Technical analysis
Main support: between 290 – 300 dollars
Potential resistances:
360 dollars (first resistance)
380 dollars (average level)
457 dollars (strong resistance according to Fibonacci)
Indicators:
RSI is close to 70 → the market is in an almost overbought area.
The price is above the moving averages (EMA50 and EMA200) → the overall trend is still upward in the medium term.
🎯 Movement opportunities
Short-term: Testing support at 330 – 340 dollars may provide a rebound opportunity towards 360 – 380 dollars.
Medium-term: Stability above 300 dollars enhances the likelihood of retesting levels of 400 – 450 dollars.
⚠️ Important note
Technical analysis shows only potential paths, while the final decision remains subject to your personal research and understanding of risks.
🚨DYOR – Always do your own research before any financial decision.