AAVE’s price action has finally broken through its descending resistance after struggling to find some directional footing over the last few days. The move came after the protocol announced the launch of a new liquidity mining program for Optimism. The announcement about the Optimism liquidity mining program may have promoted a shift in investor sentiment […]
AAVE’s price action has finally broken through its descending resistance after struggling to find some directional footing over the last few days. The move came after the protocol announced the launch of a new liquidity mining program for Optimism.
According to its website, Optimism’s on-chain value is north of $800 million. In fact, it also claims to have helped save more than $1 billion in gas fees.The program will run for 90 days with a distribution of 5M OP to the Aave Protocol’s Optimism Market usersAAVE’s price action AAVE’s currently bullish performance might be short-lived unless the market manages to maintain its favorable bullish sentiments. This, because the supply held by top addresses metric registered a 0.41% drop in the last 24 hours, indicating that whales have been cashing out.
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