AAVE, one of the remarkable names of the cryptocurrency market, has seen an increasing upward trend in the last two days. The token gained 18% in value in the last 24 hours, reaching $379.02. This rise enabled AAVE to gain 107% on a monthly basis. Approaching the all-time high level (ATH) of $666.86, set in 2021, AAVE has already approached this level by 43%.
MEV Problems and New Collaborations
Chainlink among the factors supporting AAVE’s recent rise $24.1 There is the Smart Value Recapture (SVR) project developed with. This project aims to distribute revenues from maximum obtainable value (MEV) back to users. With the project, 40% of MEV liquidation profits are directed back to users.
This development increases participation in the AAVE ecosystem. At the same time, efforts continue to improve the process regarding liquidation bonuses and MEV optimization. Experts state that such innovations directly contribute to AAVE’s market performance. Authorities said, “We are working intensively on the problems arising from MEV,” and believe that these initiatives will provide multifaceted benefits to ecosystem users.
Investor Interest and Technical Indicators
AAVE’s in-market volume increased by 62% in the last 24 hours, reaching $1.44 million. This increase stands out as an important indicator of investors’ interest in the token. According to technical analysis, AAVE price is trading above the critical resistance level at $342. Analysts expect the value of the token to rise to $410 instead of $410 if the price exceeds the $386 level.
There are also technical indicators that support this positive outlook. The fact that the RSI remains at a neutral level and the moving averages support the buying pressure creates a suitable basis for the price increase. The “Adam and Eve” formation on the charts also gives clues that this rise may continue.
Having reached its highest level in the last three years, AAVE continues to attract attention with both its market movements and innovative projects. This activity in the cryptocurrency market is closely followed by investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
