Aave price analysis: Price slumps down to $83.47 as bearish trend continues

The Aave price analysis is going through a loss as the price underwent a decline up to $83.47 today. The downtrend has been quite constant since yesterday, and even today, the price has followed a downward movement.

Timeline of Aave

Dogecoin has managed to smash above $0.072 for the first time in ten weeks, coinciding with the breakout of Ethereum. With repeated rallies and downtrends in bigger coins, it's an open challenge for the lesser-known coins to gain market traction.

Aave price analysis shows a bearish trend as the token is currently unable to break above the $85.13 resistance. This follows a recent bearish run that saw AAVE drop from highs of $88.00 levels.

Aave is a Decentralized Finance (DeFi) lending and borrowing system, and Stani Kulechov, the company's founder and CEO, just revealed a new direction for the protocol. On his Twitter page, he declared that the group has submitted a proposal that called for the implementation of Aave v3 on zkSync 2.0.

Stani Kulechov, the founder and CEO of Aave, a Decentralized Finance (DeFi) lending and borrowing protocol, recently disclosed a new course for the protocol. He announced on his Twitter page that the team had filed a proposal that would see the deployment of Aave v3 on zkSync 2.0.

Aave (AAVE) price has broken out from a descending resistance line in what is likely the first stage of a longer-term upward movement. The post Aave (AAVE) Price Prediction: Next Move Will Take It Above $100 appeared first on BeInCrypto.

Trading application Robinhood Markets added support for two new cryptocurrencies on their platform, including Aave (AAVE/USD) and Tezos (XTZ/USD). Aave is essentially a decentralized finance (DeFi) protocol that allows users the ability to lend cryptocurrencies for interest whilst also providing them with the opportunity to borrow crypto and real-world assets, forming a decentralized lending system.

Tezos (CRYPTO: XTZ) and Aave (CRYPTO: AAVE) tokens have been introduced to the trading platform Robinhood Markets Inc. (NASDAQ: HOOD), enabling users to purchase and trade the cryptocurrencies. Robinhood tweeted the announcement on Monday, along with a link to a web page displaying the newly listed cryptos on Robinhood.

AAVE is ranked high among the list of cryptocurrency assets with the most gains over the past month. In fact, according to data from CoinMarketCap, AAVE's price rallied by 13% in the last 30 days.

Leading US retail trading platform Robinhood has expanded its crypto offerings with two additional cryptocurrencies. The company tweeted on Monday it has added Aave (AAVE) and Tezos (XTZ) as tradable assets on its crypto platform – also known as Robinhood Crypto.

Stock and crypto trading app Robinhood lists Aave and XTZ on their trading platform. Robinhood now supports 19 cryptocurrencies in total including memecoins such as DogeCoin and Shiba Inu.