AAVE grew by 9% amid the Federal Reserve's rate cut and optimism about the V4 update
The price of AAVE increased by 9% to $205 after the Federal Reserve announced a rate cut, sparking optimism among traders. The recent V4 update has been a significant factor, improving the risk-reward ratio due to a new liquidation mechanism designed to enhance capital efficiency and risk management. Over the past 24 hours, open interest in AAVE has increased by $34 million, and the number of addresses receiving funds on the network reached 1200. Additionally, weekly fees for AAVE have risen to $15.47 million, indicating growing activity and interest. Key support and resistance levels are forming around $223, suggesting possible future price movements.
AAVEUSDT
Perp
179.82
-3.96%