- In Chart AAVE, I see a large accumulation area from MM. Although the Altcoin price is adjusting, the selling pressure of AAVE is very weak and there is a sustainable upward structure on the daily frame.
- AAVE is a leading DeFi protocol in the field of decentralized collateralized lending.
When BTC recovers, AAVE has the potential to lead the market wave. Increased margin demand (borrowing to long/short) will push AAVE's revenue higher, supporting the buyback activity of $AAVE tokens, helping to reduce circulating supply. This could lead to a strong price increase for AAVE in parallel with the development of this protocol itself.
=> Therefore, you can allocate capital to gradually accumulate in the price range of 240-250, I expect #AAVE will soon test the peak of 360-400.