{"id":1282849,"date":"2026-08-04T11:41:06","date_gmt":"2026-08-04T08:41:06","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1282849"},"modified":"2026-08-04T15:46:05","modified_gmt":"2026-08-04T12:46:05","slug":"crypto-corner-aave-contends-with-resistance","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-aave-contends-with-resistance\/","title":{"rendered":"Crypto Corner: Aave Contends With Resistance"},"content":{"rendered":"<p>The Daily Breakdown takes a closer look at COTI and BAND, before diving into the charts of AAVE as it contends with resistance.<\/p>\n<p><i><span style=\"font-weight: 400;\">Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i><b><i>To keep getting our daily insights<\/i><\/b><i><span style=\"font-weight: 400;\">, all you need to do is <\/span><\/i><a href=\"https:\/\/www.etoro.com\/login\"><i><span style=\"font-weight: 400;\">log in<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> to your eToro account.<\/span><\/i><\/p>\n<h2><b>Crypto Corner<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span><a href=\"https:\/\/help.etoro.com\/en-us\/s\/article\/What-cryptocurrencies-are-available-on-eToro-US\"><span style=\"font-weight: 400;\">110+ cryptoassets offered by eToro<\/span><\/a><span style=\"font-weight: 400;\">. Today we\u2019ll discuss COTI and Band.<\/span><\/p>\n<h4><b>COTI (<a href=\"https:\/\/www.etoro.com\/markets\/coti\">COTI<\/a>): Trading near $0.013 with a market cap of ~$40.2 million<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">COTI began as a payment-focused DAG network but has evolved into an EVM-compatible Ethereum Layer 2 built for confidential computing. Its garbled-circuit technology lets developers process encrypted data without exposing it, supporting privacy-focused DeFi, identity, AI, and enterprise applications.\u00a0<\/span><\/p>\n<h4><b>Band (<a href=\"https:\/\/www.etoro.com\/markets\/band\">Band<\/a>): Trading near $0.15 with a market cap of ~$27.5 million<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Previously known as Band Protocol, Band is a cross-chain data platform that connects real-world data and APIs to smart contracts and AI applications. Its Cosmos SDK-based BandChain uses validators to source and aggregate price data, which can be delivered across multiple blockchains.\u00a0<\/span><\/p>\n<p><b>Check out these crypto offerings \u2014 and many more \u2014 on <\/b><a href=\"https:\/\/www.etoro.com\/discover\/markets\/cryptocurrencies\"><b>eToro\u2019s Discover page<\/b><\/a><b> and consider adding them to your watchlist. <\/b><span style=\"font-weight: 400;\">\u00a0COTI and BAND are not currently available for NY users. <\/span><a href=\"https:\/\/help.etoro.com\/en-us\/s\/article\/What-can-I-trade-on-eToro-as-a-New-York-resident\"><span style=\"font-weight: 400;\">Learn more<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p style=\"text-align: center;\"><strong>Want to receive these insights straight to your inbox?<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"e-cta\" href=\"https:\/\/www.etoro.com\/en-us\/accounts\/sign-up\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up here<\/a><\/p>\n<h2><b>The Setup \u2014 Aave<\/b><\/h2>\n<figure id=\"attachment_1282850\" aria-describedby=\"caption-attachment-1282850\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-1282850\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/08\/AAVE1-1024x786.png\" alt=\"Daily chart of AAVE, for The Daily Breakdown\" width=\"1024\" height=\"786\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/08\/AAVE1-1024x786.png 1024w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/08\/AAVE1-300x230.png 300w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/08\/AAVE1-768x589.png 768w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/08\/AAVE1-1536x1179.png 1536w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/08\/AAVE1.png 1566w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-1282850\" class=\"wp-caption-text\"><em>Chart as of 8:00 a.m. ET on 8\/4\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.etoro.com\/markets\/aave\">Aave<\/a> recently made another run toward $100 but again found resistance, while support has emerged near $90 and the 50-day moving average. A break below support could usher in more bearish momentum, while bulls are hoping for another test \u2014 and an eventual break \u2014 of $100 resistance and the 200-day moving average.<\/span><\/p>\n<h2>What Wall Street&#8217;s Watching<\/h2>\n<p><b>BTC<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.etoro.com\/markets\/btc\">Bitcoin<\/a> briefly flirted with a multi-week low yesterday and at one point, was down about 2%. However, BTC rebounded on the day, finished near flat, and climbed toward $64,000 this morning. Bulls are hoping for further stabilization in the mid-$60K range before a potential push higher. <\/span><a href=\"https:\/\/www.etoro.com\/markets\/btc\/chart\"><span style=\"font-weight: 400;\">Check out the charts for BTC<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><b>PLTR<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.etoro.com\/markets\/pltr\">Palantir<\/a> shares jumped about 17% in premarket trading after the company beat earnings and revenue expectations and raised its full-year outlook. U.S. commercial revenue surged 149% year over year, helping ease concerns about rising competition from AI developers. <\/span><a href=\"https:\/\/www.etoro.com\/markets\/pltr\/stats\"><span style=\"font-weight: 400;\">Dig into the fundamentals for PLTR<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><b>CAT<\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.etoro.com\/markets\/cat\">Caterpillar<\/a> is surging more than 10% in pre-market trading after beating earnings and revenue estimates. A record $72 billion backlog, up 92% year over year, helped ease concerns about demand for its power-generation equipment used in data centers. <\/span><a href=\"https:\/\/www.etoro.com\/markets\/cat\/research\"><span style=\"font-weight: 400;\">Check out the price targets on CAT<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b><i>Disclaimer:<\/i><\/b><\/p>\n<p><b><i>Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Daily Breakdown takes a closer look at COTI and BAND, before diving into the charts of AAVE as it contends with resistance. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your&hellip;<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1282849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"<title>The Daily Breakdown&#039;s Crypto Corner: Aave Contends With Resistance<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a closer look at COTI and BAND, before diving into the charts of AAVE as it contends with resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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