Aave Completes Liquidation of Kelp DAO Attacker's Positions
- Liquidation Progress: Aave has completed the liquidation of the Kelp DAO attacker's remaining rsETH-backed positions, advancing the DeFi United recovery effort towards restoring full backing for the restaked Ether, although additional support is still needed to fully recapitalize rsETH.
- Frozen Funds Issue: Over 90% of Arbitrum DAO voters support the release of $71 million in frozen Ether linked to the exploit recovery effort, although these assets remain in legal limbo, impacting the recovery process.
- User Funds Safety: Aave stated on X that the collateral recovered from the liquidations has been transferred to Recovery Guardian, a multisignature wallet controlled by the DeFi United recovery group, ensuring that user funds were unaffected and the Umbrella protection system was not activated during the operation.
- Market Reaction: Despite a drop in Aave's total value locked to nearly $14.2 billion post-exploit, it has recently rebounded above $15 billion, indicating growing market confidence in its recovery capabilities.
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Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 82.319 | 86.68 | 90.069 | 94.43 | 97.819 | 102.18 | 105.569 |
| Fibonacci | 86.68 | 89.64 | 91.469 | 94.43 | 97.39 | 99.219 | 102.18 |
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