EVAA Protocol (EVAA) is down 11% in the past 24 hours, trading at $10.49 after slipping from an intraday high of $12.47. The correction follows a week-long rally of more than 110%. Traders took profits after a parabolic climb and overbought technical readings.
The Relative Strength Index (RSI-14) had surged to 81 on October 27 — the highest since listing — signaling exhaustion before cooling to 60. With profit-taking underway, the question now is: does EVAA still have the potential to grow from here?
Technical Indicators Show Cooling Momentum
On the daily timeframe, EVAA trades near $10.53. This is down almost 16% for the session after briefly dropping to $9.23. Despite this decline, the token continues to form a higher-high, higher-low pattern. This shows that the broader uptrend remains intact.
The 20-day Exponential Moving Average (EMA), currently near $6.75, acts as dynamic support. As long as the EVAA price holds above the $9.00–$9.20 range, the token maintains a bullish structure. The RSI’s fall from 81 to 60 indicates a cooldown from overbought conditions. This gives the token room to stabilize before its next move.
A rebound above $11.50 could trigger a retest of the $13.60 peak. A close below the EMA around $6.75 could lead to a deeper retracement toward $5.30. Overall, EVAA’s trend remains constructively bullish, and the current correction appears to be a healthy consolidation phase within a continuing uptrend.
Telegram Integration Strengthens Long-Term Prospects
EVAA’s growth potential is closely tied to its position in The Open Network (TON) and its direct integration with Telegram.
The protocol allows users to lend, borrow, and earn yield directly through a Telegram Mini App. This eliminates the need for separate DeFi platforms or browser extensions. The protocol’s integration with TON Space, Telegram’s non-custodial wallet, further streamlines access for over 900 million users.
According to DeFiLlama, EVAA currently holds between $20 million and $23 million in Total Value Locked (TVL). This makes it the largest lending protocol on TON.
Founded in 2023, EVAA is backed by TON Ventures, Animoca Brands, Polymorphic Capital, and Mythos Ventures.
In January 2025, it secured $2.5 million in a private token sale to expand its TON DeFi footprint.
In collaboration with the TON Foundation, EVAA also launched a 100,000 TON incentive program, offering subsidized USDT loans and future supply rewards. This model aims to accelerate early borrowing and liquidity growth while transitioning toward sustainable yield programs.
The native EVAA token supports governance, staking, and platform utility. Users earn “EVAA XP” by lending, borrowing, and swapping assets, which can later convert to tokens post-TGE. This is an incentive designed to reward platform activity and retention.
EVAA’s Edge Over Other TON Lending Protocols
EVAA currently outpaces competitors such as Affluent, TonPound, and DAO Lama, which operate on smaller or more specialized scales. Affluent’s lending activity on TON remains under half of EVAA’s current TVL, while TonPound focuses mainly on staked-asset lending. DAO Lama, meanwhile, serves the NFT-collateral niche, leaving EVAA as the only general-purpose lending protocol with large-scale Telegram integration.
This first-mover advantage within TON’s emerging DeFi ecosystem gives EVAA a clear operational lead, though the broader TON lending market is still in its infancy compared with Ethereum or Arbitrum.
