- AAVE bullish price forecast is $114.50 to $356.5.
- avi The price may also reach $400 soon.
- The bearish AAVE price prediction for 2022 is $45.9.
In the Aave Price Prediction (AAVE) 2022, we use statistics, price patterns, RSI, RVOL and other information about AAVE to analyze the future movement of cryptocurrencies.
Aave (AAVE) Current Market Status
according to Queen GekkoAave (AAVE) price is $88.18 with a 24-hour trading volume of $207,923,549 at the time of writing. However, the AAVE rate has decreased by approximately 0.7% in the past 24 hours.
Furthermore, Aave (AAVE) has a circulating supply of 13992,184 thousand. Currently, Aave (AAVE) trades on crypto exchanges such as Binance, KuCoin, OKX, Coinbase Exchange, Upbit and FTX.
What is Aave (AAVE)?
Aave (AAVE) is the original ruling token for Aave, a DeFi crypto lending and borrowing protocol on Ethereum. Aave (AAVE) was launched in 2017 as ETHLend. The Aave protocol provides users with the ability to create and access liquidity pools for crypto assets and real-world assets.
Aave also allows lenders to earn interest rates on securing their assets in the pool. Borrowers also benefit from crypto-backed loans via decentralized smart contracts. The AAVE token grants voting rights to its holders to participate in the governance of the protocol. Users can also post AAVE tokens as collateral in the Aave protocol. The third version of Aave, Aave v3, gives more interoperability to the Aave protocol.
Aave (AAVE) Price Forecast 2022
Aave (AAVE) is currently 48th on CoinGecko. The AAVE price forecast for 2022 is explained below on a daily time frame.
The above chart of Aave (AAVE) plotted a falling wedge pattern. In a falling wedge pattern, the upper trend line connecting the highs and the lower trend line connecting the lows converge to the bottom. A wedge pattern generally indicates a trend reversal. In particular, a falling wedge indicates a bullish reversal. This pattern indicates a breakout in the upward trend of the price.
Currently, Aave (AAVE) is in the $88.3 range. If the pattern continues, AAVE price could reach the $90.4 and $112.4 resistance levels. If the trend reverses, AAVE price could drop to $79.6.
Aave (AAVE) Support and Resistance Levels
The chart below shows the support and resistance levels for Aave (AAVE).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Aave (AAVE).
|resistance level 1||$114.5|
|resistance level 2||$171.3|
|resistance level 3||$256.2|
|resistance level 4||$356.5|
|Support level 1||$78.9|
|Support level 2||$45.9|
The charts show that Aave (AAVE) has performed an upward trend over the past month. If this trend continues, AAVE may work in tandem with the bulls breaking the resistance at $356.5.
Accordingly, if investors turn against the cryptocurrency, the price of Aave (AAVE) could drop to close to $45.9, which is a bearish sign.
Aave (AAVE) Price Forecast 2022 – RVOL, MA and RSI
The relative volume (RVOL) of Aave (AAVE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of AAVE is below the cutoff line, indicating weakness of participants in the current trend.
Also, the moving average (MA) of Aave (AAVE) is shown in the above chart. Notably, the price of Aave (AAVE) is below 50 MA (short term), so it is in a downtrend. Currently, AAVE is in a downturn. Therefore, there is a possibility of a reversal of the AAVE trend at any time.
Meanwhile, the Relative Strength Index (RSI) for AAVE is 45.22. This means that Aave (AAVE) is in an oversold state. However, this means that a major AAVE price reversal may occur in the coming days. Therefore, traders need to trade carefully.
Aave (AAVE) Price Forecast 2022 – ADX, RVI
Let’s now take a look at the Average Directional Indicator (ADX) from Aave (AAVE). It helps to measure the overall strength of a trend. The indicator is the average of the values of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.
The chart above represents the ADX of Aave (AAVE). Currently, AAVE’s ADX is in the range of 23.9 and therefore indicates a weak trend.
The chart above also represents the Aave (AAVE) Relative Volatility Index (RVI). RVI measures the continuous deviation of price changes over a period of time. AAVE’s RVI is above 50, indicating high volatility. In fact, the RSI for Aave (AAVE) is at 45.22 confirming a possible buy signal.
Comparison of AAVE, BTC and ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Aave (AAVE).
From the above chart, it can be explained that ETH, BTC, and AAVE are moving in a similar direction. This indicates that when the price of BTC goes up or down, the price of ETH and AAVE also goes up or down, respectively.
Aave (AAVE) Price Forecast 2023
If a price action drop completely slows in momentum and the trend reverses, Aave (AAVE) It could reach $450 by 2023.
Aave (AAVE) Price Forecast 2024
With several network upgrades, Aave (AAVE) may enter an upward trajectory. If the coin grabs the attention of major investors, AAVE could rise to $500 by 2024.
Aave (AAVE) Forecast Prices 2025
If Aave (AAVE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, AAVE will rise to $550.
Aave (AAVE) Price Forecast 2026
If Aave (AAVE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, AAVE will rise to $600.
Aave (AAVE) Price Forecast 2027
If Aave (AAVE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, AAVE will rise to $650.
Aave (AAVE) Price Forecast 2028
If Aave (AAVE) maintains a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By paying significant price hikes, the AAVE would be worth $700. in 2028.
Aave (AAVE) Price Forecast 2029
If investors flock and continue to place their bets on Aave (AAVE), it will see big spikes. AAVE could be worth $750 by 2029.
Aave (AAVE) Price Forecast 2030
With greater developments in the Aave ecosystem, the crypto community may continue to invest in AAVE over the next eight years and drive significant price hikes for the token. Thus, Aave (AAVE) could be worth up to $800. by 2030.
With the continuous improvements in the Aave network, we can say that 2022 is a good year for AAVE. For this reason, the bullish price forecast for Aave (AAVE) in 2022 is $356.5. On the other hand, the bearish price forecast for Aave (AAVE) for 2022 is $45.9.
Moreover, with developments and upgrades in the Aave ecosystem, it will help AAVE’s performance reach an all-time high (ATH) at $661.69 soon. But, it could also reach $400 if investors think AAVE is a good investment in 2022.
Aave (AAVE) is the governance token for the Aave protocol, a DeFi crypto lending and lending platform. AAVE was launched in 2017.
Aave (AAVE) is listed on several cryptocurrency exchanges including Binance, KuCoin, OKX, Coinbase Exchange, Upbit, and FTX.
With the continuous developments and upgrades within the Aave platform, Aave (AAVE) has a great potential to reach ATH soon.
On May 18, 2021, Aave (AAVE) reached an all-time high (ATH) of $661.69.
Aave (AAVE) appears to be one of the most profitable cryptocurrencies this year. According to Aave’s record achievements in the past few months, AAVE is a good investment in 2022.
Aave (AAVE) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, Aave (AAVE) will hit $400 soon.
Aave (AAVE) is expected to reach $450 by 2023.
The price of Aave (AAVE) is expected to reach $500 by 2024.
Aave (AAVE) is expected to reach $550 by 2025.
The price of Aave (AAVE) is expected to reach $600 by 2026.
Disclaimer: The opinion expressed in this graph is that of the author only. Not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.
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