AAVE is showing signs of a potential bullish reversal as buyers defend support and a falling wedge develops. At the same time, Aave V3 leads DeFi in tokenized gold deposits, highlighting growing demand for gold-backed assets across decentralized lending and financial applications.
At the time of writing, according to CoinMarketCap data, AAVE is trading at the price of $87.98, with an increase of 1.39% in the past 24 hours. Its 24-hour trading volume is $148.73 million, while its market cap stands at $1.35 billion.
AAVE Falling Wedge Points Toward Potential $100 Breakout
According to prominent crypto commentator Crypto With Gopal, AAVE is trading near $86.76 as a falling wedge develops on the four-hour chart. The setup suggests selling pressure is easing, while narrowing price swings show buyers are defending the lower trendline and limiting further declines.
Meanwhile, buyers continue to defend the wedge’s lower boundary. A breakout above the $92–$94 resistance zone could confirm the bullish setup and signal stronger buying pressure, giving AAVE a chance to shift its short-term trend higher.
If AAVE clears $92–$94 with strong buying volume, attention could turn toward the $100–$102 target. However, traders may wait for confirmation first, as a rejection at resistance could keep the token inside the wedge longer.
Aave V3 Dominates DeFi Tokenized Gold Deposits
The data from Token Terminal further shows that Aave V3 has secured the top spot among DeFi platforms for tokenized gold deposits, holding more than half of the gold-backed assets tracked across decentralized finance protocols. The figures point to a growing role for Aave in the expanding on-chain gold market.
The strong share also reflects rising interest in bringing gold exposure into blockchain-based financial products. Tokenized gold allows users to gain access to an asset traditionally viewed as a store of value while also making it usable within DeFi markets and lending activities. As a result, gold-backed assets are gaining a wider role across on-chain finance.
For Aave, the growing concentration of tokenized gold deposits strengthens its presence in the real-world asset sector. Moreover, these gold-backed tokens can be supplied as liquidity or used as collateral, giving the protocol another way to connect traditional commodities with decentralized financial services.
What Happens Next for AAVE?
AAVE’s next major test is the $92–$94 resistance zone. A breakout above this area with strong volume could confirm the bullish reversal and open the path toward $100–$102. However, rejection may keep the token inside the falling wedge until buyers return with stronger momentum.
