Aave for $265: $60B Deposits, TVL Surge, $280 Breakout
Aave dey steady around $265 after e recent small drop, e dey show 3% daily gain even tho e drop 6% for the month. On August 6, net deposits for Aave reach over $60 billion for the first time for DeFi history. Total Value Locked (TVL) rise more than 45% in one month to $34.9 billion. Network fees climb to $65 million for July, show say demand strong for users. The protocol launch im V3 developer toolkit wey get React hooks, SDKs and APIs to make vault deployments better and borrowing strategies dey flexible. Trading activity cool down: 24-hour spot volume drop 13% to $297 million, derivatives volume fall 19.3% to $503.6 million, but open interest rise 4.1% to $561.9 million. Technical indicators dey neutral to small bullish. MACD still dey negative, RSI dey 43.3. Support dey for $250–$255. Important resistance dey for 20-day EMA near $280 and $310–$315. If price move pass $280, e fit trigger breakout, but if e drop below $250, e fit test June lows near $230. Crypto traders suppose watch these levels well for entry and exit points.
Bullish
Di surge wey happen for Aave net deposits reach $60 billion and the 45% TVL increase show say di on-chain fundamentals dey strong and demand dey rise. To launch the V3 developer toolkit dey make long-term ecosystem growth strong well well. Even though spot and derivatives volumes don cool down, the 4.1% rise for open interest dey show say traders still dey interested in possible moves. Technical indicators dey neutral to small bullish, with clear breakout level for $280. For short term, to settle around $265 fit give breakout traders better entry points. For long term, the steady capital inflows and better developer tools dey support bullish momentum for AAVE.