Aave Labs founder confirms no new token would be issued for Horizon, Aave’s RWA project
Aave's Horizon Initiative: Aave Labs founder Stani Kulechov confirmed that the Aave DAO has decided against creating a new token for the Horizon project, which aims to integrate real-world assets into decentralized finance. The decision reflects the community's consensus to maintain the value and focus of the existing $AAVE token.
Future of Horizon Project: Despite the scrapping of the token proposal, the future of the Horizon initiative remains uncertain as it seeks to connect DeFi with institutional finance while ensuring regulatory compliance. The RWA market is experiencing significant growth, indicating potential opportunities for Aave in this sector.
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Technical Analysis for NAVX
Technical Sentiment Analysis for NAVI Protocol (NAVX) As of , NAVI Protocol (NAVX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NAVX 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 stock.
Support, Resistance & Moving Averages From a structural perspective, NAVX 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 $-.
NAVI Protocol (NAVX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00417 | 0.00611 | 0.00769 | 0.00963 | 0.0112 | 0.0131 | 0.0147 |
| Fibonacci | 0.00611 | 0.00745 | 0.00828 | 0.00963 | 0.011 | 0.0118 | 0.0131 |
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