Despite the DeFi renaissance, AAVE’s daily chart shows looming bearish trends.

The MACD line has confirmed a bullish crossover after flipping positive on the four-hour chart.

Positive funding rates show that long traders are willing to pay a premium to maintain their positions.

The $7 level is acting as strong resistance. If Render breaks above this level, it could indicate a bullish reversal.

ai16z’s Open Interest has surged by more than 200% in 24 hours to $21 million.

Maker’s demand zone lies at the $1,440-$1,480 price levels, where 2,530 addresses purchased the token.

Number of daily active users on the Polkadot network dropped to 4,200 – Lowest level in 30 days

While whales are becoming active, more participation is needed to drive the price action.

The $0.000166 to $0.000172 price zone could attract demand from new buyers who believe it to be an ideal entry point.

If more buyers fail to step in as selling pressure increases, MOVE could drop to $0.57.

The Average Directional Index (ADX), which is tipping south, shows that the prevailing bearish trends are weakening.

Spike in active addresses could be as a result of traders selling ALGO to minimize their losses during the dip.