DefiLlama Founder Clarifies Aave's TVL Data Integrity
- TVL Data Accuracy: DefiLlama founder 0xngmi asserts that Aave's total value locked (TVL) is not inflated by circular borrowing, as their methodology already excludes borrowed assets, ensuring data integrity and reliability.
- Impact of Circular Borrowing: 0xngmi emphasizes that DefiLlama does not count borrowed assets in TVL, meaning that cycled lending does not inflate the data on their dashboards, alleviating market concerns regarding Aave's metrics.
- Market Dynamics Shift: Aave's TVL surged by over 45% during certain periods, climbing from approximately $24 billion to $34.9 billion, indicating a significant increase in borrowing demand, while network fees rose from $48 million to $65 million.
- Token Market Performance: The market capitalization of the AAVE token stands at around $1.45 billion, with a 24-hour trading volume near $666 million, and prices fluctuating between $89 and $94, as the market reassesses risks associated with complex looping trades.
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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 5 technical signals, shows that 1 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 | 72.207 | 79.274 | 86.807 | 93.874 | 101.407 | 108.474 | 116.007 |
| Fibonacci | 79.274 | 84.851 | 88.296 | 93.874 | 99.451 | 102.896 | 108.474 |
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