Dogecoin Will See New ATH Soon \u2013 Top Trader Sets $2 Target<\/a><\/div>\nAAVE remains in a strong position for now, but traders are closely monitoring its price action near these key levels. Whether it can sustain its upward trajectory or faces a pullback will depend on its ability to break and hold above significant resistance zones.<\/span><\/p>\nFeatured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"Aave (AAVE), the leading decentralized finance (DeFi) lending protocol, has captured the spotlight with an extraordinary surge of over 200% since November 5. Outperforming the broader market, AAVE has reached its highest levels since 2021, marking a remarkable recovery and reaffirming its dominance in the DeFi ecosystem. Related Reading: ONDO Exchange Inflows Grow \u2013 Volatility Ahead? Key metrics from IntoTheBlock underscore AAVE’s unmatched position in the lending sector. With an impressive 45% market share, it remains the top choice for users seeking decentralized borrowing and lending solutions. With AAVE trading at multi-year highs and on-chain data suggesting robust activity, the altcoin\u2019s trajectory remains a focal point for investors and analysts alike. The question is whether the price can sustain this momentum and reach new all-time highs in the coming months. AAVE Keeps Growing\u00a0 Aave (AAVE) has shown consistent growth over the past year, solidifying its position as a market leader in the DeFi lending sector. Known for its innovative approach to creating non-custodial liquidity markets, Aave enables users to earn interest on supplied and borrowed assets at variable interest rates. This approach has made Aave a go-to protocol for decentralized borrowing and lending. For years, Aave has been at the forefront of DeFi innovation, continually enhancing its platform and user experience. Its success is evident in its market dominance. Metrics from IntoTheBlock highlight Aave\u2019s unrivaled leadership, boasting an impressive 45% market share in the DeFi lending space. This dominance is further emphasized by Aave’s staggering total value locked (TVL), which stands at $21.2 billion\u2014almost equal to the combined TVL of all other lending protocols. Related Reading: Ethereum On-Chain Metrics Looking Strong \u2013 Momentum Building For ETH? Such figures underline Aave\u2019s critical role in the DeFi ecosystem. Its established presence and robust infrastructure position it as a key player in the event of a broader DeFi resurgence. Should the sector heat up in the coming weeks, Aave is likely to attract significant attention from investors and traders. Price Targets Fresh Supply Levels Aave (AAVE) is currently trading at $366, following a surge to a multi-year high of $396 just hours ago. The altcoin continues its upward momentum as it approaches the critical $420 resistance level, a threshold last held in September 2021. This mark is seen as a pivotal area for AAVE\u2019s next phase of price action, with many analysts expecting a significant reaction once tested. If AAVE manages to hold its current levels and sustain the bullish momentum, the next logical target would be the $420 resistance zone. Breaking above this level could signal a continuation of its multi-month rally, setting the stage for even higher price targets as investor confidence builds. On the downside, failure to maintain support above the $320\u2013$340 range could lead to a broader correction. A move below this zone might push the price lower, erasing some of its recent gains and dampening bullish sentiment in the short term. Related Reading: Dogecoin Will See New ATH Soon \u2013 Top Trader Sets $2 Target AAVE remains in a strong position for now, but traders are closely monitoring its price action near these key levels. Whether it can sustain its upward trajectory or faces a pullback will depend on its ability to break and hold above significant resistance zones. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":662631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83416],"tags":[79511,84129,93039,86582,93671,93672,83417,54512],"class_list":["post-662630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aave","tag-aave","tag-aave-aave","tag-aave-news","tag-aave-price","tag-aave-price-analysis","tag-aave-technical-analysis","tag-aaveusdt","tag-defi"],"acf":[],"yoast_head":"\n
AAVE Dominates DeFi Lending \u2013 Metrics Reveal 45% Market Share<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n