AAVE price is trading at $90.04 with a market cap of $1.4 billion after a 1.97% decline in the past 24 hours. The token is forming a falling wedge pattern on the 15-minute timeframe, which has historically preceded bullish breakouts. A breakout above resistance near $90.90–$91.10 could push prices toward $92.30, $93.00, and eventually the $94.50–$95.00 zone. On the downside, support sits at $90.00; a loss of $89.50 could lead to $88.50. Meanwhile, Aave V3 deposits on Monad are approaching $400 million, signaling growing ecosystem adoption.
AAVE price continues to face short-term pressure, but its falling wedge pattern signals the possibility of a bullish reversal if buyers confirm a breakout above key resistance. According to the analysis, the token has formed several previous wedge formations that resulted in bullish breakouts, making the current structure technically important.
The AAVE price faces immediate resistance around $90.90–$91.10, where the descending trendline limits upward movement. A confirmed breakout above this region could attract fresh buying interest and open the path toward $92.30, followed by $93.00, while stronger momentum may extend gains toward the $94.50–$95.00 target zone.
Support remains near $90.00, while $89.50 represents an important failure level. A breach below that could lead to further declines to $88.50. The price is still looking for confirmation of its breakout attempt amid a narrowing wedge pattern.
Data from Aave highlighted that Aave V3 on Monad is approaching $400 million in total deposits, indicating increased user participation. The approaching milestone reflects rising trust in the DeFi platform and growing liquidity.
Despite the bullish price structure and increasing Aave V3 deposits, the AAVE price remains under downward pressure influenced by the general trend in the crypto market as Bitcoin moves sideways.
