$AAVE price is getting a fresh fundamental boost as Aave v4 deposits surpass $900 million, with $280 million in active loans. The v4 deposit base has also grown by more than 100% over the past month, pointing to sharply higher activity across the latest version.
$AAVE V4 Growth Pushes Utilization Higher
The jump in deposits matters because active loans have expanded alongside the larger deposit base. That rise in utilization could potentially support $AAVE price if the stronger activity continues.
On-chain activity is also picking up. Active addresses have increased across the 30-day, 7-day and 24-hour periods, adding another sign that utility around Aave is improving. Still, fundamentals don’t automatically send tokens higher. The chart has to cooperate.
$AAVE Price Gets Bullish Golden Cross Signal
$AAVE’s daily chart has formed a golden cross between the 50-day and 200-day EMA bands. That technical formation provides another bullish signal as the protocol records stronger deposits, loans and address activity.
The supplied market data puts $AAVE at $16.02 and cites $120 as the key support level. From there, the bullish setup points toward $160 as the nearest resistance.
If $AAVE price clears that level, $240 becomes the next major target in the provided scenario.
$120 Breakdown Could Change $AAVE’s Setup
The risk is straightforward. If the cited $120 support breaks, $AAVE could slip toward $85 or even $60.
That makes the current setup dependent on both network growth and price structure. Aave v4 deposits are climbing, utilization is increasing, and active addresses are improving, but $AAVE price still needs to hold its cited support and clear $160 before the larger $240 target comes into play.
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