- Bullish AAVE price prediction is $69.2 to $356.5.
- The AAVE price will also reach $400 soon.
- AAVE bearish market price prediction for 2022 is $25.9.
In Aave (AAVE) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about AAVE to analyze the future movement of the cryptocurrency.
Aave (AAVE) Current Market Status
According to CoinGecko, the price of Aave (AAVE) is $67.80 with a 24-hour trading volume of $225,880,978 at the time of writing. However, AAVE has increased to 5.4% in the last 24 hours.
Moreover, Aave (AAVE) has a circulating supply of 13,898,217 AAVE. Currently, AAVE trades in cryptocurrency exchanges such as Binance, FTX, Coinbase, OKX, FTX, WhiteBIT, ZB, HitBTC, MEXC, KuCoin, Huobi global, Crypto.com, and ZB.Com.
What is Aave (AAVE)?
Aave (AAVE) is the native governance token of Aave, a crypto borrowing and lending DeFi protocol on Ethereum. Aave (AAVE) was launched in 2017 as ETHLend. Aave protocol provides users to create and access liquidity pools for crypto-assets and real-world assets.
Aave also allows lenders to earn interest rates on locking in their assets in the pool. Borrowers also avail of crypto-backed loans via decentralized smart contracts. AAVE token grants voting rights to its holders to participate in the governance of the protocol. Users can also deploy AAVE tokens as collaterals in the Aave protocol. The third version of Aave, Aave v3, confers more interoperability to the Aave protocol.
Aave (AAVE) Price Prediction 2022
Aave (AAVE) holds the 53rd position on CoinGecko right now. AAVE price prediction 2022 is explained below with a weekly time frame.
The above chart of Aave (AAVE) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.
This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Aave (AAVE) is at $65.3. If the pattern continues, the price of AAVE might reach the resistance level of $74.0, $117.70, $166.3, and $259. If the trend reverses, then the price of AAVE may fall to $46.60.
Aave (AAVE) Support and Resistance Levels
The chart below shows the support and resistance levels of Aave (AAVE).
From the above daily time frame, it is clear the following are the resistance and support levels of AAVE.
| Resistance Level 1 | $69.2 |
| Resistance Level 2 | $114.5 |
| Resistance Level 3 | $171.3 |
| Resistance Level 4 | $256.2 |
| Support Level 1 | $45.9 |
| Support Level 2 | $25.9 |
The charts show that AAVE has performed a bullish trend over the past month. If this trend continues, AAVE might run along with the bulls overtaking its resistance level at $356.5.
Accordingly, if the investors turn against the crypto, the price of the AAVE might plummet to almost $25.9, a bearish signal.
Aave (AAVE) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Aave (AAVE) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AAVE lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Aave (AAVE) is shown in the above chart. Notably, the AAVE price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, AAVE is in a bearish state. There is a possibility of a reversal trend of AAVE at any time.
Meanwhile, the relative strength index (RSI) of the AAVE is at a level of 42.71. This means that AAVE is in an oversold state. However, this gives confidence to the traders to trade without any fear.
Aave (AAVE) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Aave (AAVE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Aave (AAVE). Currently, AAVE lies in the range of 30.5, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Aave (AAVE). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of AAVE lies just above 50, indicating high volatility. In fact, AAVE’s RSI is at 42.71, thus confirming a potential buy signal.
Comparison of AAVE with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Aave (AAVE).
From the above chart, we can interpret ETH, BTC, and AAVE are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and AAVE also increase or decrease respectively.
Aave (AAVE) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Aave (AAVE) might probably attain $450 by 2023.
Aave (AAVE) Price Prediction 2024
With several upgrades in the network, Aave (AAVE) might enter a bullish trajectory. If the coin grabs the attention of major investors, AAVE might rally to hit $510 by 2024.
Aave (AAVE) Price Prediction 2025
If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, AAVE would rally to hit $570.
Aave (AAVE) Price Prediction 2026
If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, AAVE would rally to hit $610.
Aave (AAVE) Price Prediction 2027
If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, AAVE would rally to hit $675.
Aave (AAVE) Price Prediction 2028
If Aave (AAVE) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, AAVE would hit $750.
Aave (AAVE) Price Prediction 2029
If investors flock in and continue to place their bets on Aave (AAVE), it would witness major spikes. AAVE might hit $800 by 2029.
Aave (AAVE) Price Prediction 2030
With greater advancements in the Aave ecosystem, the crypto community might continue to invest in Aave (AAVE) for the next 8 years and drive significant price rallies for the token. Hence, Aave (AAVE) might hit $850 by 2030.
Conclusion
With continuous improvements in the Aave network, we can say that 2022 is a good year for AAVE. For this reason, the bullish price prediction of Aave (AAVE) in 2022 is $356.5. On the other hand, the bearish price prediction of Aave (AAVE) for 2022 is $25.9.
Furthermore, with the advancements and upgrades in the Aave ecosystem, the performance of Aave (AAVE) might hit $400 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $661.69 in the near future.
FAQ
Aave (AAVE) is the governance token of the Aave protocol, a DeFi crypto borrowing and lending platform. AAVE was launched in 2017.
Aave (AAVE) has been listed on many crypto exchanges which include Binance, FTX, Coinbase, OKX, FTX, WhiteBIT, ZB, HitBTC, MEXC, KuCoin, Huobi global, Crypto.com, and ZB.Com.
With the ongoing developments and upgrades within the Aave platform, Aave (AAVE) has a high possibility of reaching its ATH soon.
On May 18, 2021, Aave (AAVE) reached its new all-time high (ATH) of $661.69.
Aave (AAVE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Aave in the past few months, AAVE is considered a good investment in 2022.
Aave (AAVE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Aave (AAVE) will hit $400 soon.
Aave (AAVE) price is expected to reach $450 by 2023.
Aave (AAVE) price is expected to reach $510 by 2024.
Aave (AAVE) price is expected to reach $570 by 2025.
Aave (AAVE) price is expected to reach $610 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/aave-price-prediction