Can Aave Price Sky Soon & Reach $115 Mark by December End?

AAVE is a platform that runs on the Ethereum blockchain and is powered by the Aave protocol. The protocol is secured by a collateral model, which requires users to provide collateral for their loans in order to reduce the risk of defaults.

The Aave protocol is designed to be a permissionless, trustless, and secure platform for lending and borrowing, providing users with a safe and transparent way to access DeFi services.

Aave (LEND) was upgraded to Aave (AAVE) in 2020 in order to enhance the features and capabilities of the Aave DeFi Protocol. 

The migration from LEND to AAVE enabled the protocol to offer new various features, such as the flash loans, yield-generating markets, and also token staking rewards. 

It also provided an improved governance system, allowing users to propose and vote on protocol changes. 

This migration was completed and finished with all formalities in November 2020, enabling users to access the upgraded features of the Aave DeFi Protocol.

Let’s Look, What Aave Price Chart Highlights.

The Aave price shot up in September 2023, jumped higher and higher, creating new highs in the process. 

It revealed a stunning and beautiful growth in the Aave crypto price in the last three months. The AAVE chart performance showed a 70.09% jump over three months; 15.915 in a month; and 15.39% in the past week.

Furthermore, it seems like the crypto might be ready for another massive surge in the upcoming sessions. As it builds up strength to smash through the obstacles from the current base zone.

Therefore, if buyers sustain the pressure, Aave price might rise strongly from current the level. 

The possible target for Aave price is $115. On the contrary, if Aave fails to hold its ground and slips past the $85 level, it may fall further.AAVE crypto price is above the 20, 50, 100, and 200-day EMA’s (exponential moving average). 

The EMA are posing as good support for the price, taking the Aave price trend up and the recent swing has developed recently with 20 EMA assist on the chart. 

Therefore, Aave Price Prediction shows the outlook that the crypto price could boost if the buyers accumulate more.

AAVE crypto price (Aave) is above the 20, 50, 100, and 200-day EMA’s (exponential moving average). 

The EMA is acting as support, taking the Aave price trend up. Therefore, Aave Price Prediction suggests that the crypto price could boost if the buyers accumulate more.

The current value of the RSI is 58.25 points and the 14-day SMA is below the median line at 55.06 points. 

This indicates bullish sentiments as RSI following the 14 SMA line and headed for the overbought zone in the market for the Aave crypto.

The MACD line at 2.96 and the signal line at 3.09 is below the zero line. 

Both lines have been moving side by side and the histogram is too low. This shows a bullish crossover possibility next in the MACD oscillator, suggesting bullish signals. 

Technical Levels

Support Levels: $85

Resistance Levels: $115

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.