{"id":9456,"date":"2025-09-01T18:53:06","date_gmt":"2025-09-01T18:53:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/aave-price-at-risk-of-more-downside-despite-horizon-growth\/"},"modified":"2025-09-01T18:53:18","modified_gmt":"2025-09-01T18:53:18","slug":"aave-price-at-risk-of-more-downside-despite-horizon-growth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/aave-price-at-risk-of-more-downside-despite-horizon-growth\/","title":{"rendered":"AAVE price at risk of more downside despite Horizon growth"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Aave\u2019s price plunged into a bear market after falling more than 21% from its highest point last week, despite growth in its recently launched real-world asset tokenization platform.<\/p>\n<p>Aave (AAVE) dropped to $300, its lowest level since Aug. 22, mirroring the performance of Bitcoin and most altcoins.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Horizon assets are growing\u00a0<\/h2>\n<p>Aave, the largest player in the decentralized finance industry, is performing well as its total value locked hovers near a record high. Its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/aave\" target=\"_blank\">total value locked<\/a> on the network has risen 22% in the last 30 days to $40 billion, while seven-day fees rose to $21.2 million.<\/p>\n<p>This growth is partly because of its recently launched Horizon product, which is built to bridge traditional and decentralized finance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Horizon enables institutional investors to borrow stablecoins using tokenized RWA assets as collateral. Horizon makes it easier for qualified institutions to deposit these tokenized assets to access loans through stablecoins.<\/p>\n<p>Data shows that the network is off to a good start as the total available funds have jumped to $50 million. Users have already borrowed tokens worth $6.2 million, a trajectory that may continue in the coming months.\u00a0<\/p>\n<p>Ripple USD (RLUSD) is the most supplied token with over $26.3 million in assets, followed by USD Coin with $8 million. Other top players in the network are the Janus Henderson Anemoy Treasury Fund with over $2.08 million in assets.<\/p>\n<h2 class=\"wp-block-heading\">AAVE price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Aave price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that the Aave price has slumped from a high of $385.32 last week to $300. This decline is likely occurring as investors sell the Horizon launch news.<\/p>\n<p>Aave has moved to the middle of the ascending channel, where it has found support at the 50-day moving average. Therefore, the token will likely continue falling as sellers target the lower side of the channel at $280.<\/p>\n<p>The token will then bounce back as the bullish trend resumes. A break below the lower side of the channel will indicate further downside, potentially to support at $245, its lowest point on Aug. 30.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aave\u2019s price plunged into a bear market after falling more than 21% from its highest point last week, despite growth in its recently launched real-world asset tokenization platform. Aave (AAVE)&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9456"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9456\/revisions"}],"predecessor-version":[{"id":9457,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9456\/revisions\/9457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1115"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}