Aave’s price remains steady near $90.80 despite bearish technical indicators, while DeFi deposits surpass $500 million on its V3 deployment.
Aave (AAVE) continues a modest recovery, trading above its 50-day Exponential Moving Average at $90.80. However, a bearish Relative Strength Index (RSI) divergence suggests a potential 20% decline despite stable price action.
The protocol’s V3 deployment on the Monad blockchain has attracted over $500 million in deposits over the past month, indicating strong user engagement. Despite this growth, technical analysts warn of downside risks due to weakening momentum.
No immediate market reaction was reported, but traders are monitoring the RSI divergence closely for potential downside moves.