Aave has reported a $400 million increase in real-world asset (RWA) deposits this quarter, fueled by new stablecoins. Technical analysis shows the AAVE token is consolidating near a $145 support level after a price decline, with some indicators pointing to a potential bullish reversal. Analysts are watching for a possible rebound toward higher resistance levels.
The decentralized finance platform Aave has seen a significant increase in real-world asset (RWA) deposits, amounting to approximately $400 million over the last quarter. Data shows this growth is largely fueled by stablecoins from Ripple Labs and Superstate Inc., reflecting a larger market trend toward incorporating real-world assets into DeFi.
A crypto analyst indicates a fully developed falling wedge pattern for the AAVE token, which is often associated with bullish reversals. “The price is currently consolidating around a support zone that coincides with an ascending trendline,” the analysis states.
However, recent trading data shows a decline in the token’s price toward a significant support point near $145. Technical indicators support the idea of bearish momentum, with the MACD line crossing below the signal line.
The Relative Strength Index (RSI) has fallen to 30.47, reaching a near-oversold region. This condition may hint at a potential short-term bounce if buying interest emerges, though cautious monitoring is advised for confirmation.
