AAVE Price on Verge of August Breakout as Prime Hub Loans Hit Record High

The AAVE price is currently in a consolidation phase after recent market fluctuations.

According to crypto analyst Michael van de Poppe, this sideways trading could be a healthy pause rather than weakening momentum, allowing buyers to accumulate positions while reducing selling pressure.

The Aave V4 Prime Hub has seen a record high in active loans, indicating growing DeFi adoption and confidence in the protocol's ecosystem.

Analysts expect bullish momentum if key support levels remain intact, with a potential breakout towards $170-$180 possible if the price maintains its current levels.