AAVE Nears $184 as V4 Deposits Top $1 Billion Awaiting October Surge
AAVE price has surged toward $184 as Aave’s V4 lending markets crossed $1 billion in deposits, setting the stage for a potential October push above $200. According to CoinGecko, AAVE was trading at approximately $182.51, marking a 22.1% gain over seven days and a 35.4% rise over a month. The token’s 24-hour trading range spanned from $177.50 to $187.06, testing a key resistance level on the Binance daily chart. Trading volume reached about $391.9 million over 24 hours, with a market capitalization nearing $2.82 billion. Reaching $200 would require a further 9.6% advance.
Aave Labs reported on October 1 that V4 deposits had surpassed $1 billion in September, alongside $310 million in active loans. The update confirmed that V4 had gone live on Arc and Base, with the latter introducing an Equities Hub that accepts seven Coinbase tokenized stocks as collateral. Aave Labs also noted that V3 active loans reached $12.5 billion during September. These figures provide a solid protocol foundation for the rally, although the move toward $200 faces significant resistance.
The Binance daily chart placed AAVE at $183.32, testing the 0.618 Fibonacci level at $183.86. The immediate barrier for buyers is around $184, with the next round-number threshold at $200. Daily momentum indicators, including the Awesome Oscillator and Chaikin Money Flow, support the bullish technical setup. However, a rejection around $184 could shift focus to lower support levels.
The Binance 4-hour chart showed AAVE trading within an ascending channel extending from mid-September. The Supertrend indicator remained green at $171.66, serving as a critical support level. Clearing the resistance near $186, $189 would pave the way for a test of $200, while a drop below $171.66 could expose the $158, $160 area. A pseudonymous analyst identified $202.29 as a potential target after a confident daily close above $184, cautioning that a pullback toward $150, $160 could occur before another advance.