By utilizing the Ethereum network, Aave operates as a decentralized platform that allows users to borrow and lend cryptocurrencies through instant loans. It also provides a platform where users can earn interest on their digital assets. To mitigate the risk of default, loans on Aave require collateral.

Aave also includes a staking mechanism that rewards users with additional tokens when they stake AAVE. The platform aims to provide a decentralized finance experience that emphasizes privacy, reliability, and transparency in financial transactions.

AAVE crypto price has shown a bullish trend, surging by 95% over the last six months. Despite facing resistance at $150, the price hit a high of $153 on March 13, 2024. Currently, the price is trading at $131.39 with an intraday gain of 0.47%, indicating a positive outlook. The weekly return for AAVE is at 17.41%, with a monthly return of 27.41%.

Technical indicators suggest a bullish momentum for AAVE crypto, with the price trading above key moving averages and showing strength. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators support a bullish sentiment, indicating potential for further upward movement.

In terms of social analysis, social dominance and volume for AAVE have seen a decline in recent months. While social factors have influenced the price in the past, the current stable social dominance and volume combined with positive price performance suggest other factors may be at play.

The overall prediction for AAVE crypto price remains bullish for the long term, with potential to reach $180 in the coming weeks. The technical support level is at $115.13, while resistance is at $153.63.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should perform their own research before making any investment decisions.