Aave (AAVE) shows potential bullish reversal as v4 deposits exceed $900M

Aave (AAVE) is exhibiting signs of a potential bullish reversal following a period of price stabilization. Analysts have identified an emerging inverted head-and-shoulders pattern on the 1-hour chart, suggesting that a decisive break and hold above the $130–$132 resistance zone could trigger a move toward $140.

Support for the token is being bolstered by growing activity in Aave v4, which has seen deposits surpass $900 million. While the price has recently cooled from a rally that saw it exceed $140, traders are monitoring the $120–$124 area for critical support to establish higher lows.