Aave V4 has surpassed $10 million in deposits, signaling renewed interest and potential bullish momentum in the ecosystem. This influx of capital suggests that fundamentals may be driving the current price movement, despite AAVE trading within a $90-$130 range for the past month.
Market indicators show a shift towards accumulation, with both spot and derivatives markets displaying strength. Spot Taker CVD data indicates steady demand, while whales are accumulating futures positions, suggesting confidence in a potential upward move. If capital inflows continue and buyers maintain control, AAVE could break above resistance, signaling a broader bullish reversal.
Aave V4 Deposits Surpass $10M, Indicating Potential Bullish Reversal
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