Prior to the debut of Trump's DeFi project, the average price is still high since Donald Trump escaped his second assassination attempt in as many months at his Florida golf club. The FBI swiftly arrested the culprit and verified that Trump is uninjured.
Aave has been the talk of the town, outperforming the majority of the cryptocurrency market with an 11% rise over the last week, even though Trump's World Liberty Financial (WLFI) DeFi initiative started today. The market's highest price for Aave has increased by 66% in the last ninety days due to conjecture that WLFI would use Aave's protocol. 93% of Aave's supply is already in use, and analysts anticipate more price increases. AAVE is currently trading at $140.67 following a little 3% decline.
Aave Price Retreats as WLFI Launch Occurs After Attempt to Assassinate Trump
At his Florida golf club, Donald Trump escaped an attempted assassination attempt, the second such event in as many months. Trump is still uninjured, according to the FBI, and the suspect was swiftly taken into custody when he ran from the scene. An AK-47-style firearm was found by the authorities, proving the crime was planned.
In the meanwhile, as stated in the official release from last week, Donald Trump's World Liberty Financial (WLFI) DeFi initiative is set to debut today, much to everyone's excitement.
With the launch of this new crypto initiative, Trump is reportedly "embracing the future with crypto and leaving the slow and outmoded large banks behind," according to a video statement on his X account. Leading World Liberty Financial are Donald Jr. and Eric Trump, the president's sons. The company has been in development for a few months.
When reports surfaced that the WLFI will operate on the Aave protocol on top of the Ethereum mainnet, the price of Aave skyrocketed. Furthermore, 93% of the Aave supply is in use, indicating that inflation will soon come to a stop and that the DeFi platform will see a massive price increase as demand continues to surge.
AAVE's price is currently trading at $140.67 following a minor 3% retreat during the previous day.
Technical Analysis from AAVE: Why the Pump Isn't Stopping
One of the few positive charts in the cryptocurrency market right now is the Aave price movement. It has a robust upward trend, which started in the middle of 2023 and is shown by a string of higher highs and lows. The price has confirmed the positive momentum by breaking above important resistance levels.
The next major hurdle, $186, may provide resistance for the price of AAVE. Based on the measured move forecast from the breakout point, the chart indicates that this level is the next big objective for the bulls. It represents a 32% increase in value over the current price.
The price of average has support between $130 and $135, which was formerly a barrier and is an important basis for additional upward movement. The next lower support is at $100 and $80 if the price falls below $138 in the event that market circumstances alter. As a result, the present bullish argument would be refuted and AAVE would return to consolidation.
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