The breakout of the first resistance level reflected in the 21-day moving average will set up AAVE for the breakthrough of the upper border of the rangebound, which will then lead to a complete trend reversal. This was a possibility back in November, when AAVE reached the price level of $96.The project's TVL remains at a high level, with $3.75 billion worth of assets locked in various smart contracts on the network.
Cardano is constantly celebrating launches of new products like Optim Finance that attract additional funding to the platform. Optim, for example, has already gathered more than $1 million in TVL since the launch that happened only a few weeks ago. The biggest TVL holder on the network is Minswap decentralized exchange, with more than $24 million of users' funds locked on the platform.