🔎 First: Fundamental Analysis
Function: AAVE is the governance token of the Aave protocol, used for voting, fees, and incentives.
Uses:
Decentralized lending and borrowing.
Flash Loan Financing.
Participation in DAO to vote on developments.
Ecosystem: Very active on Ethereum, Polygon, Avalanche, and others.
Security: The project has undergone multiple security audits, and its founders are well-known.
Partnerships: Ongoing collaboration with major projects like Chainlink and Polygon.
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📈 Second: Technical Analysis
⚠️ Note: For greater accuracy, please provide me with the current AAVE price. I will now rely on the approximate price of around $88 (according to the latest data in June 2025).
✅ Support and Resistance:
Level Price in USD
Strong Support 82 - 85
Medium Support 76
Nearby Resistance 95
Key Resistance 104 - 110
✅ Overall Trend:
The trend is bullish in the short and medium term as long as it stays above $85.
The price is trading within an ascending channel and shows signs of recovery from the May low.
✅ Technical Indicators:
RSI (14): In the 60 zone – means it's in a normal position with the likelihood of continued upward movement.
MACD: Recent positive crossover, enhancing the likelihood of an upward movement.
Trading Volume: Gradual increase, which is positive.
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🎯 Forecast:
Range Expectation
Short (Days - Two Weeks) If it breaks $95 with a daily close, we might see $104 quickly.
Average (Weeks - Months) There is a possibility of reaching $120 if the overall market remains positive.
Long (End of 2025) If the DeFi market rebounds strongly, AAVE could return to the $150-200 range.
