The DeFi token Aave surged from $87.54 to $145.09 between August 19 and press time, marking a 65.7% gain in under five days. Aave V4 deposits surpassed $500 million on August 19 before climbing to $800 million, while active loans exceeded $216 million, reflecting strong market confidence. The price has since pulled back from its local high of $145 to $124, but the $120-$130 support zone, previously a supply area, now appears to have flipped to support. Technical indicators remain bullish, with the RSI at 66 and OBV trending higher since July. A drop below the $112 level would signal short-term bearishness, with potential for a deeper pullback toward the $76-$91 zone.
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