LEND’s Total Value Locked (TVL) has increased from $1.17B to $1.23B over the last 24 hours. The amount of COMP tokens held by whales has gone up from 580.25M to 613.70M, as of press time. Aave enjoyed the third-highest increase in total value locked (TVL) in the top ten of the DeFi Pulse rankings. As you can see, the TVL has increased from $1.17B to $1.23B over the last 24 hours. What has this done to the overall price action? Let’s take a look. LEND/USD daily chart Over the last nine days, LEND/USD has been jumping in and out of the symmetrical triangle formation. So far this Wednesday, the price has failed to cross the downward trending line and has rebounded back down. To look at the possible price movements, let’s look at IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model. LEND IOMAP LEND is presently sitting below a moderate-to-strong resistance wall at $0.525. In this level, the 3000 addresses have bought around 71M LEND. It doesn’t look like the price currently has the momentum needed to break this level. Plus, even if they do, they seem to lack the force required to break past strong resistance at $0.53. On the downside, LEND lacks healthy support walls. If LEND experiences intense selling pressure, it will fall all the way to $0.47 before it meets healthy support. LEND/USD 4-hour chart x LEND’s 4-hour chart is presently trending in a bearish flag formation. If the price doesn’t manage to break above the SMA 20 curve, it will drop down to $0.47 to fall below the flag formation. The 20-Bollinger Band is squeezing in this timeframe. Many technical analysts view squeezes as stagnation periods that are usually succeeded by notable price movements. The longer the squeeze, the more violent the breakout that follows. LEND on-chain The holder distribution chart shows us that there has been an increase in the number of people holding 1M-10M COMP tokens. This is a good sign since this means that more people are looking to interact with the DeFi platform. After that, you must check out the whale distribution. Since September 9, the amount of COMP tokens held by whales has gone up from 580.25M to 613.70M, as of press time. This is also a positive sign for the protocol. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CNH Price Analysis: Eases from weekly resistance line but bulls stay hopeful FX Street 2 years LEND’s Total Value Locked (TVL) has increased from $1.17B to $1.23B over the last 24 hours. The amount of COMP tokens held by whales has gone up from 580.25M to 613.70M, as of press time. Aave enjoyed the third-highest increase in total value locked (TVL) in the top ten of the DeFi Pulse rankings. As you can see, the TVL has increased from $1.17B to $1.23B over the last 24 hours. What has this done to the overall price action? Let’s take a look. LEND/USD daily chart Over the last nine days, LEND/USD has been jumping in and out of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.