AAVE's sell pressure is fizzling out, but can the bulls really capitalize

AAVE just concluded a bearish week alongside most of the market's top cryptocurrencies. Despite this outcome, however, it is still currently one of the top candidates for the bulls as the market enters a new week.

Timeline of Aave

Aave price analysis for today shows that the crypto is currently trading at $81.44. The market has seen some slight volatility over the past few hours; however, the overall trend seems to be bearish.

Members of the Aave [AAVE] community voted in support of a proposal to temporarily pause ETH borrowing on the platform. The vote that took place between 30 August and 2 September saw members in favor of the pause due to the Merge.

Aave price analysis indicates that the AAVE/USD pair is bearish today. After a period of consolidation above the $84.69 level, the price has started to dip and is currently trading at $85.05.

Seeing a series of coin collapses is making investors sensitive about a project's real-world utility and its subsequent viability as an investment. That's why our analysts have picked The Hideaways as their 2022 star investment.

Though it can be challenging, Uniglo (GLO) is a digital asset that offers investors the best of both worlds – the potential for high returns without sacrificing safety.  Uniglo is a digital asset that combines DeFi with security, making it a good choice for investors.

Aave price analysis indicates that the AAVE/USD pair is bearish today. After a period of consolidation above the $91 level, the price has started to dip and is currently trading at $91.65.

The effect of the bear market rally isn't completely over. While some major players are recovering steadily, some are still left in ruins of unprecedented price decreases, typical of a bear rally.

Today Aave price analysis shows signs of an uptrend, as the price underwent a further increase in the last 24 hours. The price is on its way towards revival and has recovered up to the $91.56 mark during the day as the bullish trend has gained stability.

According to a tweet by Aave protocol, the plan to compensate Aave company members with $16.28M in retroactive financing for the development of Aave Protocol V3 has been green-lit. Now, the question – Did the community and prospective buyers rejoice in this development?

A popular cryptocurrency analyst has highlighted potential trading opportunities for the native tokens of two decentralized finance (DeFi) projects, Aave and Compound, as both of these have managed to hold their positions throughout the bear market.