IOTA to undergo major mainnet upgrade to Rebased protocol in May
IOTA Network Upgrade: IOTA will launch its largest network upgrade on May 5, transitioning to the IOTA Rebased protocol, which introduces full decentralization, staking, and Layer 1 smart contract support, aiming for scalability over 50,000 transactions per second.
New Features and Rewards: The upgrade allows users to earn staking rewards of 10-15% and includes a fee-burning mechanism, while also enabling developers to build decentralized applications directly on IOTA's base layer with MoveVM integration.
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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 4 technical signals, shows that 1 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 stock.
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 | 47.829 | 70.04 | 94.189 | 116.4 | 140.549 | 162.76 | 186.909 |
| Fibonacci | 70.04 | 87.749 | 98.69 | 116.4 | 134.109 | 145.05 | 162.76 |
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