$AAVE has always been a representative of high-performance public chains, with its ecological layout covering Defi, Gamefi, and rwa. In these three major directions, its circulating market value is currently 9.7 billion USD, with a total market value exceeding 14 billion USD.
From the perspective of chip distribution, the high-level trapped positions have been mostly digested, and the selling pressure from the main forces is gradually weakening. Those still on board are mostly medium to long-term holders, and the funds for bottom fishing have yet to be activated. In the short term, the selling pressure is not heavy.
Additionally, the foundation has recently been pushing the rwa project on-chain, and is cooperating with several other institutions to promote it. Although there is no concrete news released yet, this belongs to the rhythm of quietly doing big things. The NFT and gaming sectors within the ecosystem are also slowly warming up, and the scalability of subnet has attracted quite a few new developers. Currently, the overall heat is not explosive, but it benefits from having solid fundamentals and not being overly speculative.
From a technical perspective, a double bottom pattern has already formed, and it is likely to enter a major market trend at the daily level next.
During the day, I will be positioning myself for entry. Interested friends can call @crypto老金
