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Aave price prediction 2024-2030: Is AAVE a good investment?

CryptopolitanOct 7, 2024 12:58 PM

Key takeaways

  • AAVE price prediction for 2024 could reach a maximum value of $172.28.
  • By 2027, AAVE could reach a maximum price of $611.58.
  • In 2030, AAVE will range between $1,525 to $1,854.

Aave is a leading decentralized finance (DeFi) protocol on the Ethereum blockchain, known for its innovative financial solutions such as flash loans, which allow users to borrow instantly without collateral, and dynamic interest rates that adapt to market conditions. Participants in the Aave ecosystem can deposit their digital crypto assets back into liquidity pools to earn their interest payments or obtain loans by borrowing funds without providing collateral. Aave’s governance and fee distribution are significantly driven by its native token, AAVE, enhancing its utility and value within the platform.

Having touched its ATH at $666.86 in May 2021, will AAVE reach new heights despite the recent market downturn and consolidations? Let’s get into the Aave technical analysis and predictions.

Overview

CryptocurrencyAave
TickerAAVE
Current price$147.79
Market cap$2,207,547,821
Trading volume (24-h)$179,823,915
Circulating supply14,951,471 AAVE
All-time high$666.86 on May 19, 2021
All-time low$26.02 on Nov 5, 2020
24-hour low$145.83
24-hour high$154.50

Aave price prediction: Technical analysis

MetricValue
Price Prediction$170.76  (12.40%)
Volatility7.94%
50-day SMA$ 140.06
14-Day RSI51.11
SentimentBullish
Fear & Greed Index50 (Neutral)
Green days15/30 (50%)

Aave price analysis 1-day chart: AAVE’s trajectory signifies mixed signal

TL;DR Breakdown

  • Aave (AAVE) is currently consolidating.
  • AAVE’s crucial support level is present at $145.86.
  • A breakout above $154.86 could see AAVE retest resistance at $164.86.

The AAVE/USDT price analysis for October 7 shows sideways movement, with a potential upside if the bulls step in. However, indicators point at different market conditions, indicating the need to watch for a price breakout in a certain direction.

Aave price analysis 1-day chart: AAVE/USD is consolidating between $145.86 – $154.86

The AAVE/USD 1-day price chart shows the coin trading in a recovery zone after dropping to its mid-September levels below the $145 mark. AAVE has retested immediate resistance at $154.86 and failed to break above the level, with the $145.86 support level in sight. A bullish scenario could unfold if AAVE breaks above immediate resistance, potentially leading to further gains toward $164.86 and $170.00.

AAVE/USD is consolidating between $145.86 – $154.86

Conversely, if the price fails to hold the $145.86 support, the next levels to watch are $136.53 and $131.86. The RSI at 48.82 signals a neutral market sentiment, neither strongly overbought nor oversold, indicating a potential breakout in either direction. Investors must watch key support and resistance levels to determine the next price movement.

Aave price analysis 4-hour chart: AAVE/USD nears the Bollinger lower band at $146

The AAVE/USD 4-hour price chart indicates a bearish trend, with the price currently at $147.47. The Bollinger Bands show the price nearing the lower band at $146.00, suggesting oversold conditions. The narrowing Bollinger Bands suggest lower volatility, but the market may be preparing for a larger move. A break below $146.00 could trigger more downside, while a bounce might indicate a short-term reversal.

AAVE/USD nears the Bollinger lower band at $146

The MACD indicator shows the MACD line above the signal line, with a positive histogram, indicating budding bullish momentum, despite the recent price decline.

Aave technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3128.52BUY
SMA 5134.58BUY
SMA 10142.45BUY
SMA 21151.64SELL
SMA 50140.06BUY
SMA 100118.62BUY
SMA 200110.25BUY

Daily exponential moving average (EMA)

Period Value ($)Action
EMA 3148.91SELL
EMA 5142.87BUY
EMA 10131.53BUY
EMA 21119.27BUY
EMA 50107.96BUY
EMA 100102.49BUY
EMA 20099.08BUY

What to expect from AAVE price analysis?

Our analysis shows that the AAVE is consolidating with potential bullish momentum if a break above $146 happens. Failure to break past this price point could take AAVE down to the next support at $136.53.

Is AAVE a good investment?

Aave provides essential infrastructure for lending and borrowing within DeFi, expanding beyond traditional applications into areas like gaming, NFTs, and dApps. Its AAVE token plays a vital role in powering the platform, making it a strong choice for investors due to its proven market success and continuous development.

Where to buy AAVE?

AAVE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Aave is Binance, which is one of the largest cryptocurrency exchanges in the world, offering a wide range of cryptocurrencies, including AAVE. Coinbase and Bitfinex which offers a variety of trading pairs and support AAVE.

Will Aave recover?

Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress across 14 active markets on various Layer 1 and Layer 2 blockchains, securing $21 billion in value. Stani noted that Aave’s revenue surge was mainly fueled by decentralized liquidations, a mechanism that helps maintain market stability by automatically selling off collateral when positions fall below required levels.

Will Aave reach $100?

Aave (AAVE) can potentially reach $100 if it breaks through the current resistance levels and gains momentum from positive, market sentiment and trends. Recent price movements suggest that a recovery to this level is feasible with increased trading activity and investor interest.

Does Aave have a good long-term future?

Aave shows potential for a good long-term future, given its ability to stabilize and recover after significant declines. The consistent support of around $79.8 indicates resilience and potential for future growth.

Recent news/opinion on AAVE

  • Grayscale Launches AAVE Trust

Grayscale has introduced its AAVE Trust, offering accredited investors indirect exposure to Aave’s decentralized finance platform through AAVE tokens.

Aave price prediction October 2024

Aave could experience an uptrend in October, reaching $161.59 at the end of the month. The minimum price projected for the coin is around $115.50, while the average is around $148.87.

Aave price predictionPotential LowAverage PricePotential High
Aave price prediction October 2024$115.50$148.87$161.59

Aave price prediction 2024

In Q4 of 2024, the value of AAVE might reach a maximum value of $172.28, a minimum price of $157.3 and an average price of about $164.69.

Aave price predictionPotential LowAverage PricePotential High
Aave price prediction 2024$157.3$164.69$172.28

Aave price prediction 2025-2030

YearMinimum Price ($)Average Price ($)Maximum Price ($)
2024157.3164.69172.28
2025228.74236.98280.13
2026342.65354.49408.12
2027505.91520.09611.58
2028749.73770.53882.8
20291,0671,0981,302
20301,5251,5801,854

Aave (AAVE) Price Prediction 2025

The AAVE price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $280.13. Based on expert analysis, investors can expect an average price of $236.98 and a minimum price of about $228.74.

Aave Price Forecast 2026

According to the AAVE price forecast for 2026, Aave is anticipated to trade at a minimum price of $342.65, a maximum price of $408.12, and an average price of $354.49.

Aave Price Prediction 2027

The AAVE price prediction for 2027 indicates a continued rise with minimum and maximum prices of $505.91 and $611.58, respectively, as well as an average price of $520.09.

Aave Price Prediction 2028

Aave price is expected to reach a minimum of $749.73 in 2028. The maximum expected AAVE price is $882.80, with an average price of $770.53.

Aave Price Prediction 2029

The AAVE price prediction for 2029 estimates a minimum price of $1,067, a maximum price of $1,302, and an average price of $1,098.

Aave Price Prediction 2030

The Aave price prediction for 2030 suggests a minimum price of $1,525 and an average price of $1,580. The maximum forecasted Aave price is set at $1,854.

AAVE/USD price prediction chart

AAVE market price prediction: Analysts’ AAVE price forecast

Firm20242025
Changelly$163.36$260.76
DigitalCoinPrice$200.65$388.62
CryptoPredictions$163.16$174.92

Cryptopolitan’s Aave (AAVE) price prediction

According to our AAVE price forecast, the coin’s market price might reach a maximum value of $170.89 by the end of 2024. Looking forward to 2026, the average Aave price could surge to $268.76.

AAVE’s historic price sentiment

AAVE/USD price history ⏐ Source: Coinmarketcap
  • Launched as ETHLend in 2017, a peer-to-peer digital asset lending and borrowing platform; raised $16.2 million during the ICO. Rebranded to AAVE in 2018, with ETHLend becoming a subsidiary.
  • In January 2020, the AAVE protocol went live on the Ethereum mainnet. By August, it became the second DeFi protocol to reach $1 billion in total value locked. The FCA awarded AAVE an EMI license, boosting LEND by 30%.
  • Aave v3 launched on the Ethereum mainnet on 16 March 2022; AAVE surged 114% to $261.29 by 1 April. By mid-August, it recovered slightly to just over $100 but declined again towards the end of the year, trading between $50 and $60.
  • From late January to March 2023, AAVE showed an uptrend, trading around $80 to $90. AAVE closed 2023 at about $109.
  • Between January and April 2024, AAVE was on an upward trend, reaching a high of $142. Between May and June, it fluctuated between $77 and $113. In August, it opened at $95.07 and closed at $129.8, while in September, AAVE reached a peak price of $178.25. At the time of writing, AAVE is trading within the range of $145.83 to $154.50.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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