Midas and Fasanara to Launch mGLOBAL on Aave
- Partnership Background: Midas and Fasanara are collaborating to launch mGLOBAL, aiming to tokenize private credit and integrate it into Aave, which is expected to provide new liquidity channels for institutional investors and drive the development of the decentralized finance (DeFi) market.
- Product Concept: mGLOBAL will represent a diversified private credit portfolio, allowing users to trade it as collateral on the Aave platform, which is anticipated to enable holders to borrow within the DeFi ecosystem, thereby enhancing asset liquidity.
- Market Impact: By introducing private credit assets to Aave, it could bring a new non-correlated asset class to the DeFi market, although this also introduces credit risks that differ from traditional crypto assets, potentially impacting Aave's risk management strategies.
- Details Pending Verification: Currently, specific parameters of mGLOBAL remain unverified, including asset composition, expected yield range, and risk classification, prompting investors to monitor Aave's governance proposals and market reactions to assess the product's actual viability.
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 6 technical signals, shows that 4 indicators are flashing buy, while 2 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 | 40.705 | 55.623 | 69.385 | 84.303 | 98.065 | 112.983 | 126.745 |
| Fibonacci | 55.623 | 66.578 | 73.347 | 84.303 | 95.258 | 102.027 | 112.983 |
About AAVE
About the author
