AAVE Stalls at $90 as Bearish Momentum Persists

AAVE's price continues to hover above $90 as its near-term recovery persists. Despite this, the token's broader recovery potential remains limited due to bearish momentum indicators and weak derivatives data.

The increase in deposits across Aave V3 on Monad and Aave V4 highlights growing use of the protocol. Over the past month, deposits in Aave V3 rose by more than $500 million, while Aave V4 deposits reached a record high above $350 million.

However, weak derivatives data and bearish momentum indicators continue to cloud AAVE's price outlook. The token's 24-hour long-to-short ratio declined to 0.9372, showing that active short positions outnumber longs and reinforcing the cautious market outlook.