Aave Labs Liquidates Kelp DAO Attacker's Assets
- Liquidation Progress: Aave Labs has liquidated the remaining rsETH positions of the Kelp DAO attacker on Ethereum and Arbitrum, marking a critical step in the 'DeFi United' recovery plan aimed at compensating affected users.
- Funding Recovery Plan: The liquidated collateral is tied to the $293 million exploit on April 18 and has been transferred to Recovery Guardian, a multisignature wallet managed by DeFi United, indicating accelerated efforts to restore the Kelp DAO's rsETH token.
- Legal Hurdles: Despite the liquidation, 30,765 ETH remains frozen due to legal constraints, prompting Aave to file an emergency motion to vacate the restraining notice, highlighting the legal challenges faced during the recovery process.
- Liquidity Recovery: Aave's total value locked has rebounded from a low of $14.2 billion on April 26 to over $15 billion, following a nearly $12 billion drop, suggesting a recovery in user confidence and a gradual return of liquidity.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 | 82.003 | 86.521 | 89.753 | 94.271 | 97.503 | 102.021 | 105.253 |
| Fibonacci | 86.521 | 89.482 | 91.311 | 94.271 | 97.232 | 99.061 | 102.021 |
About AAVE
About the author
