Aave's V4 Deposits Soar Past $900 Million

Aave's v4 deposits have surpassed $900 million, with active loans totaling $280 million.

This surge in deposits has led to a significant increase in utilization, which could potentially support Aave's price if activity continues.

The rise in on-chain activity is another positive sign for the protocol, with active addresses increasing across various time periods.

A golden cross signal has formed between the 50-day and 200-day EMA bands, providing a bullish technical formation.

If Aave's price clears $160, its next major target could be $240, but breaking the $120 support level would put the setup at risk.