AAVE has become the leading lending protocol, outperforming top ten competitors. With a market capitalization of 5.5 billion USD, it reflects strong bullish sentiment in the cryptocurrency market, attracting significant investor interest and capital.
The Relative Strength Index (RSI) at 59.2 suggests potential consolidation, while the Chaikin Money FLOW (CMF) at 0.17 indicates ongoing capital inflows despite a recent peak of 0.27. Traders should monitor AAVE potentially testing the 400 USD price level.