P_S_trade

$LEND. 1D. Protracted correction begins.Target - $0.3

Giá xuống
Aave (LEND) is the DeFi lending protocol that allows users to lend and borrow a wide variety of cryptocurrencies using both stable and variable interest rates.
Today on 10 September, this project came out on top in terms of capitalization among Defi with $1.55 billion ("with a help" of Sushiswap, which separated from Uniswap and brought $1.3 billion)

Aave (LEND) for 12 months from 08.2019 to 08.2020 has risen in price by 30,000%, that is x300.
Since the beginning of March, LEND has shown an almost parabolic growth, which sent prices to a record high $0.90 on 26 August.

But it looks like Aave (LEND) is starting a protracted correction.
At least, horizontal volumes show sales above $0.54

Parabolic growth without corrections shows itself and can provoke a strong fall, at least to $0.27-0.30, in order to find a fair market price with equilibrium supply and demand without information "inflation" of the price.
Hype growth will be eligible for continuation if the price fixes above $0.75.
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