Key takeaways
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.
Cryptocurrency | Aave |
Ticker | AAVE |
Current price | $147.79 |
Market cap | $2,207,547,821 |
Trading volume (24-h) | $179,823,915 |
Circulating supply | 14,951,471 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 |
Metric | Value |
Price Prediction | $170.76 (12.40%) |
Volatility | 7.94% |
50-day SMA | $ 140.06 |
14-Day RSI | 51.11 |
Sentiment | Bullish |
Fear & Greed Index | 50 (Neutral) |
Green days | 15/30 (50%) |
TL;DR Breakdown
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.
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.
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.
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 $146.00 could trigger more downside, while a bounce might indicate a short-term reversal.
The MACD indicator shows the MACD line above the signal line, with a positive histogram, indicating budding bullish momentum, despite the recent price decline.
Period | Value ($) | Action |
SMA 3 | 128.52 | BUY |
SMA 5 | 134.58 | BUY |
SMA 10 | 142.45 | BUY |
SMA 21 | 151.64 | SELL |
SMA 50 | 140.06 | BUY |
SMA 100 | 118.62 | BUY |
SMA 200 | 110.25 | BUY |
Period | Value ($) | Action |
EMA 3 | 148.91 | SELL |
EMA 5 | 142.87 | BUY |
EMA 10 | 131.53 | BUY |
EMA 21 | 119.27 | BUY |
EMA 50 | 107.96 | BUY |
EMA 100 | 102.49 | BUY |
EMA 200 | 99.08 | BUY |
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.
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.
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.
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.
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.
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.
Grayscale has introduced its AAVE Trust, offering accredited investors indirect exposure to Aave’s decentralized finance platform through AAVE tokens.
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 prediction | Potential Low | Average Price | Potential High |
Aave price prediction October 2024 | $115.50 | $148.87 | $161.59 |
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 prediction | Potential Low | Average Price | Potential High |
Aave price prediction 2024 | $157.3 | $164.69 | $172.28 |
Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
2024 | 157.3 | 164.69 | 172.28 |
2025 | 228.74 | 236.98 | 280.13 |
2026 | 342.65 | 354.49 | 408.12 |
2027 | 505.91 | 520.09 | 611.58 |
2028 | 749.73 | 770.53 | 882.8 |
2029 | 1,067 | 1,098 | 1,302 |
2030 | 1,525 | 1,580 | 1,854 |
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.
Firm | 2024 | 2025 |
Changelly | $163.36 | $260.76 |
DigitalCoinPrice | $200.65 | $388.62 |
CryptoPredictions | $163.16 | $174.92 |
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.