Key takeaways
AAVE price prediction for 2024 could reach a maximum value of $172.28.
By 2027, AAVE could reach a maximum price of $611.58.
In 2030, AAVE will range between $1,525 to $1,854.
Aave is a leading decentralized finance (DeFi) protocol on the Ethereum blockchain, known for its innovative financial solutions such as flash loans, which allow users to borrow instantly without collateral, and dynamic interest rates that adapt to market conditions. Participants in the Aave ecosystem can deposit their digital crypto assets back into liquidity pools to earn their interest payments or obtain loans by borrowing funds without providing collateral. Aave’s governance and fee distribution are significantly driven by its native token, AAVE, enhancing its utility and value within the platform.
Having touched its ATH at $666.86 in May 2021, will AAVE reach new heights despite the recent market downturn and consolidations? Let’s get into the Aave technical analysis and predictions.
Overview
CryptocurrencyAaveTickerAAVECurrent price$147.79Market cap$2,207,547,821Trading volume (24-h)$179,823,915Circulating supply14,951,471 AAVEAll-time high$666.86 on May 19, 2021All-time low$26.02 on Nov 5, 202024-hour low$145.8324-hour high$154.50
Aave price prediction: Technical analysis
MetricValuePrice Prediction$170.76 (12.40%)Volatility7.94%50-day SMA$ 140.0614-Day RSI51.11SentimentBullishFear & Greed Index50 (Neutral)Green days15/30 (50%)
Aave price analysis 1-day chart: AAVE’s trajectory signifies mixed signal
TL;DR Breakdown
Aave (AAVE) is currently consolidating.
AAVE’s crucial support level is present at $145.86.
A breakout above $154.86 could see AAVE retest resistance at $164.86.
The AAVE/USDT price analysis for October 7 shows sideways movement, with a potential upside if the bulls step in. However, indicators point at different market conditions, indicating the need to watch for a price breakout in a certain direction.
Aave price analysis 1-day chart: AAVE/USD is consolidating between $145.86 – $154.86
The AAVE/USD 1-day price chart shows the coin trading in a recovery zone after dropping to its mid-September levels below the $145 mark. AAVE has retested immediate resistance at $154.86 and failed to break above the level, with the $145.86 support level in sight. A bullish scenario could unfold if AAVE breaks above immediate resistance, potentially leading to further gains toward $164.86 and $170.00.
AAVE/USD is consolidating between $145.86 – $154.86
Conversely, if the price fails to hold the $145.86 support, the next levels to watch are $136.53 and $131.86. The RSI at 48.82 signals a neutral market sentiment, neither strongly overbought nor oversold, indicating a potential breakout in either direction. Investors must watch key support and resistance levels to determine the next price movement.
Aave price analysis 4-hour chart: AAVE/USD nears the Bollinger lower band at $146
The AAVE/USD 4-hour price chart indicates a bearish trend, with the price currently at $147.47. The Bollinger Bands show the price nearing the lower band at $146.00, suggesting oversold conditions. The narrowing Bollinger Bands suggest lower volatility, but the market may be preparing for a larger move. A break below $146.00 could trigger more downside, while a bounce might indicate a short-term reversal.
AAVE/USD nears the Bollinger lower band at $146
The MACD indicator shows the MACD line above the signal line, with a positive histogram, indicating budding bullish momentum, despite the recent price decline.
Aave technical indicators: Levels and action
Daily simple moving average (SMA)
PeriodValue ($)ActionSMA 3128.52BUYSMA 5134.58BUYSMA 10142.45BUYSMA 21151.64SELLSMA 50140.06BUYSMA 100118.62BUYSMA 200110.25BUY
Daily exponential moving average (EMA)
Period Value ($)ActionEMA 3148.91SELLEMA 5142.87BUYEMA 10131.53BUYEMA 21119.27BUYEMA 50107.96BUYEMA 100102.49BUYEMA 20099.08BUY
What to expect from AAVE price analysis?
Our analysis shows that the AAVE is consolidating with potential bullish momentum if a break above $146 happens. Failure to break past this price point could take AAVE down to the next support at $136.53.
Is AAVE a good investment?
Aave provides essential infrastructure for lending and borrowing within DeFi, expanding beyond traditional applications into areas like gaming, NFTs, and dApps. Its AAVE token plays a vital role in powering the platform, making it a strong choice for investors due to its proven market success and continuous development.
Where to buy AAVE?
AAVE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Aave is Binance, which is one of the largest cryptocurrency exchanges in the world, offering a wide range of cryptocurrencies, including AAVE. Coinbase and Bitfinex which offers a variety of trading pairs and support AAVE.
Will Aave recover?
Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress across 14 active markets on various Layer 1 and Layer 2 blockchains, securing $21 billion in value. Stani noted that Aave’s revenue surge was mainly fueled by decentralized liquidations, a mechanism that helps maintain market stability by automatically selling off collateral when positions fall below required levels.
Will Aave reach $100?
Aave (AAVE) can potentially reach $100 if it breaks through the current resistance levels and gains momentum from positive, market sentiment and trends. Recent price movements suggest that a recovery to this level is feasible with increased trading activity and investor interest.
Does Aave have a good long-term future?
Aave shows potential for a good long-term future, given its ability to stabilize and recover after significant declines. The consistent support of around $79.8 indicates resilience and potential for future growth.
Recent news/opinion on AAVE
Grayscale Launches AAVE Trust
Grayscale has introduced its AAVE Trust, offering accredited investors indirect exposure to Aave’s decentralized finance platform through AAVE tokens.
Aave price prediction October 2024
Aave could experience an uptrend in October, reaching $161.59 at the end of the month. The minimum price projected for the coin is around $115.50, while the average is around $148.87.
Aave price predictionPotential LowAverage PricePotential HighAave price prediction October 2024$115.50$148.87$161.59
Aave price prediction 2024
In Q4 of 2024, the value of AAVE might reach a maximum value of $172.28, a minimum price of $157.3 and an average price of about $164.69.
Aave price predictionPotential LowAverage PricePotential HighAave price prediction 2024$157.3$164.69$172.28
Aave price prediction 2025-2030
YearMinimum Price ($)Average Price ($)Maximum Price ($)2024157.3164.69172.282025228.74236.98280.132026342.65354.49408.122027505.91520.09611.582028749.73770.53882.820291,0671,0981,30220301,5251,5801,854
Aave (AAVE) Price Prediction 2025
The AAVE price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $280.13. Based on expert analysis, investors can expect an average price of $236.98 and a minimum price of about $228.74.
Aave Price Forecast 2026
According to the AAVE price forecast for 2026, Aave is anticipated to trade at a minimum price of $342.65, a maximum price of $408.12, and an average price of $354.49.
Aave Price Prediction 2027
The AAVE price prediction for 2027 indicates a continued rise with minimum and maximum prices of $505.91 and $611.58, respectively, as well as an average price of $520.09.
Aave Price Prediction 2028
Aave price is expected to reach a minimum of $749.73 in 2028. The maximum expected AAVE price is $882.80, with an average price of $770.53.
Aave Price Prediction 2029
The AAVE price prediction for 2029 estimates a minimum price of $1,067, a maximum price of $1,302, and an average price of $1,098.
Aave Price Prediction 2030
The Aave price prediction for 2030 suggests a minimum price of $1,525 and an average price of $1,580. The maximum forecasted Aave price is set at $1,854.
AAVE/USD price prediction chart
AAVE market price prediction: Analysts’ AAVE price forecast
Firm20242025Changelly$163.36$260.76DigitalCoinPrice$200.65$388.62CryptoPredictions$163.16$174.92
Cryptopolitan’s Aave (AAVE) price prediction
According to our AAVE price forecast, the coin’s market price might reach a maximum value of $170.89 by the end of 2024. Looking forward to 2026, the average Aave price could surge to $268.76.
AAVE’s historic price sentiment
AAVE/USD price history ⏐ Source: Coinmarketcap
Launched as ETHLend in 2017, a peer-to-peer digital asset lending and borrowing platform; raised $16.2 million during the ICO. Rebranded to AAVE in 2018, with ETHLend becoming a subsidiary.
In January 2020, the AAVE protocol went live on the Ethereum mainnet. By August, it became the second DeFi protocol to reach $1 billion in total value locked. The FCA awarded AAVE an EMI license, boosting LEND by 30%.
Aave v3 launched on the Ethereum mainnet on 16 March 2022; AAVE surged 114% to $261.29 by 1 April. By mid-August, it recovered slightly to just over $100 but declined again towards the end of the year, trading between $50 and $60.
From late January to March 2023, AAVE showed an uptrend, trading around $80 to $90. AAVE closed 2023 at about $109.
Between January and April 2024, AAVE was on an upward trend, reaching a high of $142. Between May and June, it fluctuated between $77 and $113. In August, it opened at $95.07 and closed at $129.8, while in September, AAVE reached a peak price of $178.25. At the time of writing, AAVE is trading within the range of $145.83 to $154.50.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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