Aave Labs Receives Approval to Operate Crypto Exchange in the UK
- Regulatory Approval: Aave Labs' subsidiaries Push Labs and Push Virtual Assets have received approval from the UK's Financial Conduct Authority to operate as registered cryptoasset exchange providers, establishing a dual regulatory framework that supports compliant crypto services in the UK.
- Market Expansion: This approval enables Aave Labs to launch “zero-fee” on-chain financial products across the UK and European Economic Area, further solidifying its position in the rapidly growing crypto market and catering to mainstream user demands.
- Infrastructure Development: With the electronic money authorization, Aave Labs plans to build fiat-to-crypto infrastructure to support the rollout of on-chain financial services, enhancing user experience while ensuring compliance with regulatory standards.
- Funding Support: Aave DAO approved a funding package worth $25 million to cover operational costs for the next 12 months, while income from AAVE tokens will be directed to the DAO treasury, aiming to increase institutional participation in the ecosystem.
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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 9 technical signals, shows that 5 indicators are flashing buy, while 4 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 | 70.345 | 75.198 | 80.495 | 85.348 | 90.645 | 95.498 | 100.795 |
| Fibonacci | 75.198 | 79.075 | 81.47 | 85.348 | 89.225 | 91.62 | 95.498 |
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