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Is a price uptrend already on AAVE’s cards
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Over the past few weeks, DeFi tokens have been finding it hard to fare well. AAVE is evidently one such victim to the broader DeFi downtrend. In fact, after shedding more than 3% of its value in 24 hours, AAVE was trading at $310, before recovering somewhat at press time.
The market usually operates in cycles and every downtrend is usually succeeded by an uptrend on the price charts. The change in trend is, more often than not, accompanied by an improvement in the state of metrics.
As far as AAVE is concerned, the on-chain data has already started showing early signs of a trend reversal.
Consider this – The net transfer volume from/to exchanges has been spending more time in the negative territory over the past fortnight. This seemed to
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