AAVE Token Report
AAVE is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies using 20 different assets as collateral. The platform has a native token, AAVE, which serves as a governance token, allowing the community to collectively decide the protocol’s direction.
AAVE is ranked #49 with a market capitalization of over $1.73 billion. The current market price of the token is 116 USDT
The AAVE/USDT trend had been traversing within a descending channel pattern on the daily time-frame. The trend has now broken above the pattern with a good volume support. An immediate support is expected at 105 USDT and next resistance is expected at 132 USDT.
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