base-pidgin

Aave (AAVE) has seen significant growth, with net deposits surging to an all-time high of $35 billion, making it the largest DeFi platform. Key highlights:

- Total Value Locked (TVL) in DeFi reached a two-year high of $154 billion, driving interest in DeFi protocols and tokens like AAVE.
- AAVE's price gained 6.4% in 24 hours, but its daily chart shows a bearish double-top pattern.
- The Relative Strength Index (RSI) and Awesome Oscillator indicate weakening bearish trends and potential for a rally.
- The Long/Short Ratio suggests a bearish bias, but an increase in short positions could lead to a short squeeze and push AAVE higher.