This could be the start of a reversal of AAVE/BTC pair but it is yet to be confirmed since Aave's fundamentals say otherwise.
continues to lead in the crypto space despite doubts surrounding the revenue models of Decentralized Finance blue chips.
Nevertheless, the AAVE/USDT pair broke a significant 800-day range, causing the pair to trend higher for the past two months, outperformingFrom 18th June, AAVE/BTC has shown higher highs and higher lows, but it recently faced strong resistance near 0.003 BTC zone. This rejection, combined with Bitcoin’s recent performance, has slowed the pair’s rise.
However, it’s overall trajectory remains positive, especially when traded against stablecoins, which it is expected to outperform as both AAVE and Bitcoin could surge in Q4.Aave’s stablecoin surpassed $150 million
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