Aave (AAVE) Price Prediction 2022 — Will AAVE Hit $70 Soon?
Bullish AAVE price prediction is $71.6 to $171.6.
Aave (AAVE) price might also reach $70 soon.
Bearish AAVE price prediction for 2022 is $45.8.
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 $61.76 with a 24-hour trading volume of $43,253,677 at the time of writing. However, AAVE has decreased by nearly 1.65% in the last 24 hours.
Moreover, Aave (AAVE) has a circulating supply of 14,093,193 AAVE. Currently, Aave (AAVE) trades in cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, LBank, MEXC and Bybit.
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 48th position on CoinGecko right now. AAVE price prediction 2022 is explained below with a daily time frame.
AAVE /USDT Descending Channel Pattern (Source: Tradingview)
The above chart of Aave (AAVE) laid out the Descending Channel pattern. Descending Channel pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market
Currently, Aave (AAVE) is in the range of $61.76. If the pattern continues, the price of AAVE might reach the resistance levels of $63.5, and $71.1. If the trend reverses, then the price of AAVE may fall to $60.
Aave (AAVE) Support and Resistance Levels
The chart below shows the support and resistance levels of Aave (AAVE).
AAVE /USDT Support and Resistance Levels (Source: Tradingview)
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Aave (AAVE).
Resistance Level 1 $71.6Resistance Level 2$114.7Resistance Level 3$171.6Support Level $45.8AAVE /USDT Support and Resistance Levels
The charts show that Aave (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 $171.6.
Accordingly, if the investors turn against crypto, the price of Aave (AAVE) might plummet to almost $45.8, a bearish signal.
Aave (AAVE) Price Prediction 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 lies below the cutoff line, indicating weak participants in the current trend.
AAVE /USDT RVOL, MA, RSI (Source: Tradingview)
Also, the Moving Average (MA) of Aave (AAVE) is shown in the chart above. Notably, the Aave (AAVE) price lies below 50 MA (short-term), so it is in a downtrend. Currently, AAVE has entered a bearish state. Therefore, there is a possibility of a reversal trend of AAVE at any time.
Meanwhile, the relative strength index (RSI) of the AAVE is 49.17. This means that Aave (AAVE) is nearly in an oversold state. However, this means a major price reversal of AAVE may occur in the upcoming days. So, traders need to trade carefully.
Aave (AAVE) Price Prediction 2022 — ADX, RVI
Let us now look at the 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.
AAVE /USDT ADX, RVI (Source: Tradingview)
The above chart represents the ADX of Aave (AAVE). Currently, the ADX of AAVE lies in the range of 13 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Aave (AAVE). RVI measures the constant deviation of price changes over a period of time. The RVI of AAVE lies below 50, indicating low volatility. In fact, the RSI of Aave (AAVE) is at 49.17 thus confirming a potential buy signal.
Comparison of AAVE with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Aave (AAVE).
BTC Vs ETH Vs AAVE Price Comparison (Source: Tradingview)
From the above chart, it can be interpreted that ETH, and AAVE are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of AAVE also increases or decreases 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 $75 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 $80 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 $85.
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 $90.
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 $95.
Aave (AAVE) Price Prediction 2028
If Aave (AAVE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, AAVE would hit $100 in 2028.
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 $105 by 2029.
Aave (AAVE) Price Prediction 2030
With greater advancements in the Aave Ecosystem, the crypto community might continue to invest in AAVE for the next 8 years and drive significant price rallies for the token. Hence, Aave (AAVE) might hit $110 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 $171.6. On the other hand, the bearish price prediction of Aave (AAVE) price prediction for 2022 is $45.8.
Furthermore, with the advancements and upgrades to the Aave ecosystem, the performance of AAVE would help to reach above its current all-time high (ATH) of $661.69 very soon. But, it might also reach $70 if the investors believe that AAVE is a good investment in 2022.
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, OKX, Coinbase Exchange, LBank, MEXC and Bybit.
With the ongoing developments and upgrades within the Aave platform, 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 Aavein 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 $70 soon.
Aave (AAVE) price is expected to reach $75 by 2023.
Aave (AAVE) price is expected to reach $80 by 2024.
Aave (AAVE) price is expected to reach $85 by 2025.
Aave (AAVE) price is expected to reach $90 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Filed under: Bitcoin - @ December 10, 2022 12:00 pm