Aave is Predicted to Reach $83.41 By Jul 23, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Aave is down -4.83% today against the US Dollar
• AAVE/BTC decreased by -4.13% today
• AAVE/ETH decreased by -3.84% today
• Aave is currently trading 10.32% below our prediction on Jul 23, 2023
• Aave gained 46.65% in the last month and is down -17.36% since 1 year ago

AAVE price is expected to rise by 11.51% in the next 5 days according to our Aave price prediction

is trading at $ 74.80 after losing -4.83% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.99% in the same time period. AAVE performed poorly against BTC today and recorded a -4.13% loss against the world’s largest cryptocurrency.

According to our Aave price prediction, AAVE is expected to reach a price of $ 83.41 by Jul 23, 2023. This would represent a 11.51% price increase for AAVE in the next 5 days.

AAVE Price Prediction Chart

Buy/Sell Aave

What has been going on with Aave in the last 30 days

Aave has been displaying a positive trend recently, as the coin gained 46.65% in the last 30-days. The medium-term trend for Aave has been bearish, with AAVE dropping by -8.20% in the last 3 months. The long-term picture for Aave has been negative, as AAVE is currently displaying a -17.36% 1-year price change. On this day last year, AAVE was trading at $ 90.52.

Aave reached its all-time high price on May 18, 2021, when the price of AAVE peaked at $ 664.97. The current AAVE cycle high is $ 115.27, while the cycle low is at $ 45.88. AAVE has been displaying high volatility recently – the 1-month volatility of the coin is at 13.22. Aave recorded 18 green days in the last 30 days.

Aave technical analysis for today – Jul 18, 2023

The sentiment in the Aave markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 72.99, $ 70.82 and $ 67.66, while $ 78.33, $ 81.49 and $ 83.66 are the key resistance levels.

Bearish sentiment for Aave

12 indicators are currently signaling a bullish prediction for Aave, while 15 indicators are showing a bearish forecast. With 56% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Aave.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 56 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Aave moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Aave is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Aave is at 58.21, suggesting that AAVE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Aave over the last 50 days. Currently, Aave is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AAVE closing price for the last 200 days. AAVE is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Aave prediction

After considering the above factors, we can conclude that the current forecast for Aave price prediction is Bearish. AAVE would have to increase by 11.51% to hit our $ 83.41 target within the next five days. Moving forward, it will be important to monitor the AAVE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Aave price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.