🚀 Aave's price rises by over 20% with MetaMask integration supporting DeFi growth 🚀
The Aave token ($AAVE) has experienced a strong increase of over 20% over the past week, with the price rising from the $300 range to over $365, marking one of its strongest weekly performances in months.
💡 What’s the reason?
This jump comes with the integration of the Stablecoin Earn feature in MetaMask with Aave, where more than $100 million has been deposited over 30 days. This integration makes it easier for users to earn interest on USDC directly from the wallet without the need to manually interact with the Aave protocol, enhancing the adoption of decentralized finance (DeFi).
📈 Quick Technical Analysis:
Resistance Level: The $337 level was strongly broken, with the price testing $366 before a slight correction.
Support Levels: Immediate support at $337, followed by $308–$302 (SMA averages).
RSI: Above 76, indicating a short-term overbought condition, and a temporary correction may occur.
Bullish Targets: If momentum continues, the next target is between $380–$385.
Downside Risks: Breaking the $337 level could lead to a retest of $308 and **$300**.
📊 Summary:
The integration of Aave with MetaMask represents a significant step towards making DeFi more accessible for users, reinforcing Aave's role as a key infrastructure in decentralized finance.
