Aave Labs Proposes Launching V4 on Arc Mainnet
- Revenue Commitment: Aave Labs proposes launching Aave V4 on Circle's Arc mainnet with a commitment to generate at least $2 million annually for the Aave DAO, totaling $10 million over five years, which will significantly enhance the DAO's financial stability and sustainability.
- Asset Scope: Initial assets under consideration include USDC, EURC, and cirBTC, with final approvals dependent on feedback from Aave DAO service providers, ensuring asset security and market adaptability through a thorough review process.
- Governance Process: The proposal is currently in the Temp Check stage, where Aave Labs seeks community feedback, and if sentiment remains positive, it will advance to the Request for Final Comments stage, ensuring transparency in technical details and incentive structures.
- Market Expansion: By deploying Aave V4 on the Arc mainnet, Aave Labs aims to position the protocol among the primary lending markets of the network, further expanding its role within institutional and fintech liquidity flows, thereby driving overall market growth.
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 Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 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 | 48.837 | 58.523 | 69.157 | 78.843 | 89.477 | 99.163 | 109.797 |
| Fibonacci | 58.523 | 66.286 | 71.081 | 78.843 | 86.606 | 91.401 | 99.163 |
About AAVE
About the author
