AAVE counterattacks after DAO introduces a new re -purchase program – will this lead to a 50 % restoration this month?
In times when the fluctuations hunt the encryption markets, the market participants become not certain of the next procedure. In such cases, positive tours usually attract a large size on the platform, which are seen with AAVE. The trading volume on the platform increased significantly by more than 65 %, reaching approximately $ 595 million. However, the AAVE price recovers $ 200, which is believed to raise the distinctive symbol over the decline impact.
AAVE DAO suggests a re -purchase plan
In a modern update, AAVE DAO made a major proposal for governance aimed at strengthening the revenue model. Excess revenue is expected to be redistributed, and promotions were suggested to the liquidity management. Approval of these proposals and implementation can be through an official process.
According to the new suggestion, AAVE DAO plans to restore a million dollars per week by providing and distributing excess revenues. This financial performance of the protocol and comprehensive liquidity is expected to enhance. Moreover, the proposal also includes ending the distinctive code of lending, ensuring a strong financial structure with constant growth.
Will AAVE price reach $ 300?
AAVE price has decreased to less than the decisive support area, as the bears carried a narrow grip on the gathering in the past few days of February. Although Bulls tried to seriously cancel the declining effect, the failure of the encryption market has dragged the levels near $ 180. However, the last announcement of a new re -purchase plan appears to have a large purchase on the distinctive symbol. However, the price is still required to bypass the main disorder, which may verify a rise in the declining effect.
As shown in the graph above, the AAVE price is traded within an expanded channel, and it carries the rising trend line as strong support. However, the symbol has not yet exceeded the broken support, while Macd & CMF is still not certain, which raises some concerns about the next procedure. MACD is about to submit a biopsy, but the levels are still in the negative range. Moreover, CMF has flourished and rose above 0, but it has not yet risen from 0.14 since the beginning of the year.
Therefore, the price of AAVE and the achievement of temporary resistance is required at $ 227 at first and then at 280 dollars, which may fade the hovers of the distinctive symbol. However, the price can regain $ 300 and go towards its highest new annual levels.
