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$AAVE Shows Recovery as RWA Lending Expands Aave (AAVE) has recorded a modest gain, trading around $179. The coin’s four-day recovery began from the $147 support level last Friday. A daily close above $180 would confirm a bullish trend, potentially pushing toward $200, while failure could bring renewed selling back to $147.
RWA Lending Growth
Aave Horizon’s tokenized real-world asset (RWA) lending market has steadily expanded since August. Total lending now stands at $581M, up 56% from last month, backed by top-tier investors including BlackRock. RWA tokenizes assets like equities and real estate, creating new opportunities. Rising demand highlights the sector’s rapid growth, though retail interest in $AAVE # remains limited. Futures open interest (OI) is $236M, down from $322M on November 11 and a peak of $806M in August. Higher OI would reinforce positive sentiment and support sustainable growth.
Technical Outlook
AAVE faces medium-term downside pressure as EMA50 ($210), EMA100 ($235), and EMA200 ($245) all slope downward and remain above price. A close above EMA50 could ease immediate selling pressure. The MACD shows a bullish crossover with a growing positive histogram, signaling upward momentum. RSI sits at 43, rising but below neutral 50.
Nearby resistance comes from a downtrend line from $391, with the first barrier at $206. Breaking this opens targets at EMA50 ($210) and EMA100 ($235). Failure to surpass resistance leaves AAVE under pressure from declining EMAs, keeping sellers in control despite improving momentum signals.