Aave V4 Deposits Surpass $900M, Price Eyes $160
Aave's v4 deposits have surged past $900 million, marking a significant increase in activity on the platform.
The rise in deposits has led to an expansion of active loans, with over $280 million currently outstanding. This growth in utilization could support Aave's price if it continues, as more users and lenders become involved.
On-chain activity is also increasing, with a jump in active addresses across the 30-day, 7-day, and 24-hour periods. However, fundamentals alone do not guarantee a price increase, and the chart must cooperate for Aave's price to rise.
A golden cross signal has appeared on Aave's daily chart between the 50-day and 200-day EMA bands, providing another bullish indication of stronger deposits, loans, and address activity. If Aave's price clears $160, the next major target would be $240.