$AAVE hits $163.12 as increased borrowing demand for stablecoins boosts protocol revenue.
What's Happening:
Weekly active borrowers hit 6-month high.
Aave GHO stablecoin maintains peg and grows circulation.
V3 deployment on new L2s driving fresh liquidity.
Price making higher highs and higher lows.
Why It Matters:
Aave is the central bank of DeFi. When leverage demand returns to the market, Aave is the first beneficiary. Price action here signals increased risk appetite across the board.
Technical View:
Bullish breakout. $160 has flipped from resistance to support. Next major target is $180. The trend is clearly defined to the upside.
🎯 Key Levels:
Support: $155.00 | Resistance: $175.00
24h Range: $160.00 - $165.00
💡 "DeFi isn't dead; it's just getting started. Aave is leading the charge."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#AAVE #DeFi #Lending #CryptoNews #Altcoins
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
