AAVE Price Targets $100 Comeback as DeFi Lending Hits $8.22 Billion

Since mid-July, the cryptocurrency market has showcased high recovery momentum following a Bitcoin rally past $65k. While most of the major altcoins leveraged the bullish sentiment to extend north march, the AAVE price underperformed and reverted below the $100 floor. However, a deeper analysis of a shorter time frame shows this pullback as a bull-flag formation, projecting an opportunity to capture the next recovery leap.