NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Technicals Anticipate a Correction Ahead of Aave (LEND) After 1,500% Rally

Ali Martinez
Ali Martinez
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Ethereum-based peer-to-peer lending platform Aave has been in the spotlight of the cryptocurrency market after the 1,500% price increase it has enjoyed throughout the year. In July alone, LEND skyrocketed nearly 185% to reach a new yearly high of $0.38.

This price level is just a few cents below its all-time high of $0.394 that was reached by the end of the 2017 ICO mania.   

Aave US dollar price chart

Aave Skyrockets 185% Throughout July 2020. (Source: TradingView)

Given the substantial gains that Aave has posted, different metrics anticipate that it is reaching an exhaustion point. An increase in sell orders could push the DeFi token into a corrective period before the uptrend resumes. 

Aave Looks Poised to Pull Back

The Tom Demark (TD) Sequential indicator has proven to be essential in determining Aave’s price action. This technical index has been able to anticipate some of the most significant exhaustion points on LEND’s 3-day chart over the past year.

In late February, for instance, after the DeFi token surged to $0.043, the TD setup presented a sell signal in the form of a green nine candlestick. Following the bearish formation, LEND went through a massive bearish impulse that saw its price plummet by nearly 62%.

The TD Sequential index was also able to accurately estimate that this altcoin was reaching an overbought territory in late April and June. After these sell signals were presented, the peer-to-peer lending token plunged by more than 23% on each occasion.

Aave US dollar price chart

The TD Index Estimates LEND Is Poised to Retrace. (Source: TradingView)

Now, this technical indicator is once again suggesting that Aave is poised to correct. The bearish formation developed as a green nine candlestick, estimating that LEND could fall for a one to four 3-day candlesticks. 

Critical Support Level to Watch Out

In the event of a correction, IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that the most significant support level underneath Aave sits between $0.15 and $0.19. Around these price levels, the on-chain metric shows that roughly 109,000 addresses had previously purchased nearly 24 million LEND.

This massive supply barrier may be able to contain this cryptocurrency from a steeper decline. Holders within this range will likely try to remain profitable in their long positions. They may even buy more LEND to avoid prices from falling lower. 

Aave May Find Support Around $0.17 In the Event of a Correction. (Source: IntoTheBlock)

It is worth noting that out of all LEND addresses, more than 97.6% are “In the Money.” Meanwhile, only 0.80% of all addresses are “Out of the Money.” These figures suggest that the investor base behind the DeFi token is confident about upwards price action in the future. If this is the case, it is reasonable to assume that the selling pressure behind it may not last long. 

Featured Image by Depositphotos
Price tags: lendusd, lendbtc
Chart from TradingView.com
Tweet123Share205ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

3 cryptos sous-évaluées susceptibles d’entrer dans le Top 10 mondial

Le marché crypto adore les renversements de hiérarchie. Et trois préventes se détachent aujourd’hui par leur narration forte et leur...

evanss 6 hours ago
Prévision prix XRP : jusqu’à 5 $ d’ici fin 2025 ? Niveaux clés et scénarios

Prévision prix XRP : jusqu’à 5 $ d’ici fin 2025 ?

La course aux ETF spot sur XRP s’emballe. La question qui fâche revient aussitôt. XRP peut-il vraiment doubler et accrocher...

evanss 6 hours ago
záujem o trading bot rastie

Význam trading botov prudko rastie. Traderi siahajú po tomto Telegram botovi

Trading boty sa z pôvodne okrajového riešenia stávajú neoddeliteľnou súčasťou obchodovania s kryptomenami. Mladší traderi vo veľkom zapájajú AI nástroje,...

Nina Šefčíková 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

dogecoin doge dogeusd

Dogecoin Price Falls 4% Today but Analysts Say Nasdaq Listing Could Reignite $1 Target

James Halver 12 minutes ago
Binance Coin BNB BNBUSD

BNB Faces Sharp 10% Pullback After Record High: Is There a Deeper Correction Ahead?

James Halver 2 hours ago
XRP

Chart Whisperer Says XRP Shows A ‘Purer’ Market Structure – Details

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    9 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    9 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    9 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    10 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.