Evernorth CEO Predicts Surge in Institutional DeFi Adoption by 2026
- Market Trend Shift: Amid ongoing corrections in the crypto market, the total value locked (TVL) in DeFi has fallen to approximately $117.9 billion, reflecting a 1.9% decline over the past 24 hours, indicating reduced lending, staking, and trading activities, which highlights market weakness and investor caution.
- Borrowing Behavior Change: Against the backdrop of significant crypto price drops, borrowing on decentralized platform Aave plummeted 69% from $6.2 billion in August to $1.9 billion by November, demonstrating a marked decrease in leverage demand and risk appetite among investors.
- Centralized Platform Rebound: Despite the market downturn, centralized lending platform Nexo has seen a rebound in borrowing activity, with retail credit withdrawals spiking to $23 million in mid-November, a 155% week-over-week increase, indicating a shift in user behavior towards borrowing against crypto collateral rather than selling into weakness.
- Future Outlook: Evernorth CEO Asheesh Birla predicts that 2026 will mark the beginning of institutional DeFi, with more enterprises expected to leverage DeFi protocols combined with artificial intelligence to automate back-office operations, thereby enhancing payment and liquidity efficiency, which could drive the maturation and development of the crypto market.
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Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE) As of , Aave (AAVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 47.987 | 70.119 | 94.347 | 116.479 | 140.707 | 162.839 | 187.067 |
| Fibonacci | 70.119 | 87.828 | 98.769 | 116.479 | 134.188 | 145.129 | 162.839 |
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