AAVE has regained significant market momentum, trading at $98.03 as of July 15, 2026, according to data from CoinMarketCap. The protocol recently achieved a major milestone, surpassing $300 million in total deposits on the Monad blockchain, a development that underscores rising user confidence and liquidity within the decentralized finance (DeFi) ecosystem.
Technical indicators suggest a potential bullish reversal. Analyst Michael van de Poppe noted that AAVE has reclaimed both its 21-day and 50-day moving averages for the first time in approximately a year. This technical breakout is being interpreted by traders as a signal of strengthened market support, which is critical for sustaining upward momentum.
The primary focus for market participants is the $100 psychological resistance level. Analysts state that if buyers continue to defend current support levels and broader market conditions remain favorable, a breakout above $100 could trigger further buying pressure. The growth in deposits on the Monad chain is viewed as a foundational factor for this recovery, providing the necessary liquidity to support AAVE’s financial infrastructure. While the outlook is currently positive, investors are reminded that cryptocurrency markets remain volatile and these projections do not constitute financial advice.