Over the past week, the token Aave ($AAVE) has shown impressive growth, increasing by more than 20%. The rise is associated with new developments in decentralized finance.
Price Rise of Aave
The Aave token ($AAVE) has climbed from around $300 to a temporary level above $365, making it one of the best performers in the market in recent months.
MetaMask Integration
In the last 30 days, users have deposited over $100 million into the new MetaMask feature called Stablecoin Earn, allowing them to earn interest on USDC directly within the MetaMask wallet without needing to interact with the Aave protocol.
Chart Analysis and Future Outlook
According to the 2-hour chart, AAVE broke above the $337 resistance level and reached $366 before pulling back slightly. The $337 level now serves as support. The RSI indicates that the token is in overbought territory, which may lead to short-term cooling before resuming upward momentum. If $337 is successfully held, the potential upside target may be around $380–$385.
The MetaMask integration with Aave marks an important step towards simplifying access to decentralized finance. Aave is well positioned to attract new liquidity and institutional interest.
