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šŸ’„ AAVE Price Breaks 5-Week Consolidation, Eyes $150 Target Discover how the AAVE price action defies broader market trends with a 31% increase, breaking past key resistances and forming bullish patterns. Analyze the impact of growing Total Value Locked in DeFi protocols on AAVE's potential surge to new highs. AAVE Price: Despite the broader market correction, Aave, the native token of the decentralized finance platform Aave, has experienced a significant uptick since last week. The altcoin saw a 13% increase, with its price climbing from $93 to $105.1. However, asĀ Bitcoinā€™s priceĀ stabilized above $67,000, most major altcoins, including AAVE, faced a decline in bullish momentum. This resulted in a bearish evening star candle pattern forming at $114, signaling the potential for a new correction. šŸ”ø Defi Protocols See Significant Increase in Total Value Locked (TVL) Amid the renewed recovery interest in the crypto market, theĀ AAVE priceĀ managed to form a local bottom at a $80 psychological level. A positive turnaround from this support uplifted the asset by 31% within two weeks to reach $105. šŸ’¬ During this rally, buyers broke through the $97.5 resistance level, moving out of a five-week accumulation phase to fuel a new recovery. Despite the broader market consolidation, AAVEā€™s price encountered overhead resistance at $114 and subsequently fell by 3.3% today. This downtick reveals the formation of a bearish evening star candle pattern which hints at a potential retest to $97.5 support. In a recent analysis shared by renowned analyst ZYRE, the Total Value Locked (TVL) in DeFi protocols has demonstrated a robust upward movement. According to data from IntoTheBlock, the TVL has surged from $93.98 billion on May 20th to an impressive $108.61 billion by May 27th, indicating a substantial increase in liquidity within the DeFi space.Ā  This significant rise marks a healthy growth in liquidity, showcasing the strengthening confidence and participation in DeFi protocols. $AAVE #AAVE

šŸ’„ AAVE Price Breaks 5-Week Consolidation, Eyes $150 Target


Discover how the AAVE price action defies broader market trends with a 31% increase, breaking past key resistances and forming bullish patterns. Analyze the impact of growing Total Value Locked in DeFi protocols on AAVE's potential surge to new highs.


AAVE Price: Despite the broader market correction, Aave, the native token of the decentralized finance platform Aave, has experienced a significant uptick since last week. The altcoin saw a 13% increase, with its price climbing from $93 to $105.1. However, asĀ Bitcoinā€™s priceĀ stabilized above $67,000, most major altcoins, including AAVE, faced a decline in bullish momentum. This resulted in a bearish evening star candle pattern forming at $114, signaling the potential for a new correction.

šŸ”ø Defi Protocols See Significant Increase in Total Value Locked (TVL)

Amid the renewed recovery interest in the crypto market, theĀ AAVE priceĀ managed to form a local bottom at a $80 psychological level. A positive turnaround from this support uplifted the asset by 31% within two weeks to reach $105.

šŸ’¬ During this rally, buyers broke through the $97.5 resistance level, moving out of a five-week accumulation phase to fuel a new recovery. Despite the broader market consolidation, AAVEā€™s price encountered overhead resistance at $114 and subsequently fell by 3.3% today.

This downtick reveals the formation of a bearish evening star candle pattern which hints at a potential retest to $97.5 support.

In a recent analysis shared by renowned analyst ZYRE, the Total Value Locked (TVL) in DeFi protocols has demonstrated a robust upward movement. According to data from IntoTheBlock, the TVL has surged from $93.98 billion on May 20th to an impressive $108.61 billion by May 27th, indicating a substantial increase in liquidity within the DeFi space.Ā 

This significant rise marks a healthy growth in liquidity, showcasing the strengthening confidence and participation in DeFi protocols.

$AAVE #AAVE

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesorĆ­a financiera. Puede haber contenido patrocinado.Ā Lee los TyC.
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šŸ¤Æ Litecoin Faces Significant Selling Pressure In the past three weeks, the cryptocurrency market has experienced decreased volatility, withĀ BitcoinĀ (BTC) maintaining a price around $70,000. This period of uncertainty has led to a sideways trend in many major altcoins. However, Litecoin has been subjected to increased selling pressure. šŸ”ø Critical Formation in #Litecoin After hitting a recent peak of $89.6, Litecoinā€™s price saw a decline of 11.78%, settling at $79. If the broader market continues its consolidation phase, this correction might deepen. The medium-term trend for Litecoin suggests a bullish trend, supported by an ascending trend line on the daily chart. This dynamic support, which aids buyers in higher low formations. This pattern could signify a sustainable uptrend. Currently, Litecoin is trading at $79.57, seeking support at the ascending trend line. The long-tailed rejection candle at this line could suggest ongoing buying activity, hinting at a potential buyer counterattack. šŸ”ø Expert Commentary on #LTC Recent insights from Trader Kamikaze have shed light on significant movements in Litecoinā€™s market. According toĀ dataĀ from IntoTheBlock, approximately 432,070 addresses accumulated 6.67 million LTC at an average price of $82, with purchases ranging between $81 and $83. This level of accumulation could indicate substantial investment interest. Analyst Kamikaze suggests that if LTC prices return to this range, someĀ investorsĀ might sell up to their breakeven point, potentially creating selling pressure. Consequently, consolidation below $82 is anticipated this week. šŸ”ø User-Usable Inferences ā€“ **Price Range Sensitivity:** Investors should monitor LTC price movements closely if it approaches the $81-$83 range, as this could trigger significant selling pressure. ā€“ **Support Levels:** The ascending trend line on the daily chart is a critical support indicator for potential buy signals. ā€“ **Resistance Monitoring:** Resistance at $88.7 has been strong $LTC
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