Aave price analysis: Price up again as bullish momentum inflates to $102.81

The Aave price analysis shows that the AAVE/USD pair is currently in an uptrend and is trading above the $102.81 mark. The bulls are presently in command of the market, attempting to increase the value.

Timeline of Aave

The recent $40 million dollar bid for Twitter Inc. (NYSE: TWTR) from Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk highlighted the need for an open-source social media protocol for some.  Transparency is one of the fundamental principles of public blockchains and something that many early backers of Bitcoin (CRYPTO: BTC) have been attempting to bring to the internet-scale for more than a decade.

The crypto market has been trying hard to recover from the bearish blow. But, the drawdown has created such fear among investors that even experienced crypto holders are escaping at the first sign of loss.

Aave price analysis shows that the bulls have regained control of the market and are pushing the price towards the $95.04 resistance level. The price is facing some resistance at this level, but if the bulls can overcome this, then a move to $100 is possible in the near term.

Aave price analysis shows that the bulls have regained control of the market and are pushing the price towards the $107.60 resistance level. The price is facing some resistance at this level, but if the bulls can overcome this, then a move to $114 is possible in the near term.

Aave total value locked (TVL) sunk to new high lows in the last week of May following negative crypto market sentiment.  The post Aave Plunges $5 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.

Multi-chain protocols have proven to facilitate DeFi adoption and decentralised trading. Before now, Uniswap (UNI) and PancakeSwap (CAKE) have been ringleaders in decentralised trading and liquidity provision.

Aave price analysis for today shows the bulls are trying to recover from the recent dip as they aim for the $90.0 level. The market is however in a bearish bias trend as the digital asset is trading just near the immediate support of $85.02.

Global crypto markets are up over 2% during Tuesday's session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday's session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during Tuesday's trading session, as bulls returned to action after a recent three-day

Aave has been on a downtrend since April amidst intense volatility in the market. Major altcoins have extended losses owing to a major sell off all across the cryptocurrency industry.

As the crypto market goes wild over the Terra [LUNA] and TerraUSD [UST] shenanigans, it's easy to lose sight of what's happening elsewhere. However, investors cannot afford to be so careless and must also keep their eyes on what's happening in the DeFi scene.