Aave Price Analysis: Reversal From Support Trendline Hints 18% Jump

For more than two months, the AAVE price has been lowering under the influence of a falling wedge pattern. On June 19th, the altcoin rebounded from the combined support of $50 and support trendline, triggering a new bull cycle within the pattern.

Timeline of Aave

The crypto market continues to take heavy blows across the bearish market. Due to the current market turmoil, DeFi's total value locked (TVL) decreased by 55% since the end of April.

MakerDAO voted to disable Aave DAI supply in an effort to reduce exposure to Celsius using stETH as collateral through the Direct Deposit Module so let's read more today in our latest cryptocurrency news. MakerDAO voted to disable AAve DAI Supply for the DEFI lending platform later today and that platform noted: “The Maker Governance

MakerDAO has announced the removal of the leading lending platform, Aave, as one of those with direct deposit module (D3M) access to its lending pool. The post MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks appeared first on CryptoSlate.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin and Ethereum continued to post losses on the price charts.

“What is good for the goose is good for the gander.” Unfortunately so, the Decentralized Finance (DeFi) ecosystem is not spared from the current mishap facing the general cryptocurrency market.

The biggest 100 Ethereum whales have turned their attention to a slew of altcoins in multiple sectors as ETH and the broader crypto markets continue to move lower. According to blockchain tracking service WhaleStats, decentralized borrowing and lending protocol Aave is the third most purchased crypto asset among ETH whales in the last 24 hours The post World's Biggest Ethereum Whales Accumulate Aave, Compound and Four Additional Altcoins: On-Chain Data appeared first on The Daily Hodl.

It is officially summertime - the season of sunshine, joy and good energy. What many people are hoping for this new season is to make a fortune by investing in viable cryptocurrencies.

While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $104 billion, and

The AAVE price entered June on a bearish note as it turned down from $120 resistance. The V-Top reversal plunged the altcoin to the $80 mark, closing to the $75.6-$67.2 support zone.

The beginning of June did bring a ray of hope with the cryptocurrency market recovering from the bloodshed of May. However, as we enter the third week of June, the scenario of the market doesn't look at its best.