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 up 3.13% today against the US Dollar
- Aave is currently trading 10.34% above our prediction on May 20, 2023
- Aave dropped -21.45% in the last month and is down -25.56% since 1 year ago
| Aave price | $ 64.47 |
| Aave prediction | $ 58.43 (-9.38%) |
| Sentiment | Bearish |
| Fear & Greed index | 50 (Neutral) |
| Key support levels | $ 61.61, $ 61.01, $ 60.12 |
| Key resistance levels | $ 63.10, $ 63.98, $ 64.58 |
AAVE price is expected to drop by -9.38% in the next 5 days according to our Aave price prediction
According to our Aave price prediction, AAVE is expected to reach a price of $ 58.43 by May 20, 2023. This would represent a -9.38% price decrease 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 negative trend recently, as the coin lost -21.45% in the last 30-days. The medium-term trend for Aave has been bearish, with AAVE dropping by -20.46% in the last 3 months. The long-term picture for Aave has been negative, as AAVE is currently displaying a -25.56% 1-year price change. On this day last year, AAVE was trading at $ 86.60.
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 low volatility recently – the 1-month volatility of the coin is at 7.95. Aave recorded 13 green days in the last 30 days.
Aave technical analysis for today – May 15, 2023
The sentiment in the Aave markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 61.61, $ 61.01 and $ 60.12, while $ 63.10, $ 63.98 and $ 64.58 are the key resistance levels.
Bearish sentiment for Aave
15 indicators are currently signaling a bullish prediction for Aave, while 16 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Aave.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral 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.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 62.53 (BUY) | $ 62.21 (BUY) | – | – |
| MA5 | $ 62.98 (BUY) | $ 62.54 (BUY) | – | – |
| MA10 | $ 65.71 (SELL) | $ 64.33 (BUY) | – | – |
| MA21 | $ 68.38 (SELL) | $ 67.43 (SELL) | $ 74.25 (SELL) | $ 73.74 (SELL) |
| MA50 | $ 72.84 (SELL) | $ 71.34 (SELL) | $ 76.10 (SELL) | $ 91.18 (SELL) |
| MA100 | $ 76.32 (SELL) | $ 73.40 (SELL) | $ 156.36 (SELL) | $ 130.94 (SELL) |
| MA200 | $ 72.03 (SELL) | $ 77.33 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 32.78 | BUY |
| Stoch RSI (14) | 8.23 | BUY |
| Stochastic Fast (14) | 11.33 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 26.63 | BUY |
| Awesome Oscillator (5, 34) | -9.11 | NEUTRAL |
| Momentum (10) | -9.70 | NEUTRAL |
| MACD (12, 26) | -0.69 | NEUTRAL |
| Williams Percent Range (14) | -88.67 | BUY |
| Ultimate Oscillator (7, 14, 28) | 43.73 | NEUTRAL |
| VWMA (10) | 66.85 | SELL |
| Hull Moving Average (9) | 60.30 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 72.26 | NEUTRAL |
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 32.78, 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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.
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 decrease by -9.38% to hit our $ 58.43 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.
Source: https://coincodex.com/article/27102/aave-token-prediction-may-15-2023/