Aave Breakout Imminent as V4 Deposits Top $900M

Aave (AAVE) is showing signs of a potential bullish reversal as traders watch an emerging inverted head-and-shoulders pattern on the 1-hour chart. The developing chart structure points to renewed upside momentum if resistance is reclaimed.

The pattern remains unconfirmed until AAVE decisively breaks and holds above the $130-$132 resistance zone. A rejection from that area could instead keep the token within its current consolidation range.

According to Coinglass data, there has been a 37.58% decline in 24-hour derivatives trading volume, but open interest rose by 1.71% to about $333.61 million.