In this Aave (AAVE) price prediction 2024, 2025-2030, we will analyze the price patterns of AAVE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Aave (AAVE) Current Market Status
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. The 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 24H Technicals
Aave (AAVE) Price Prediction 2024
Aave (AAVE) ranks 45th on CoinMarketCap in terms of its market capitalization. The overview of the Aave price prediction for 2024 is explained below with a daily time frame.
In the above chart, Aave (AAVE) laid out an ascending channel pattern. An ascending channel, or rising channel, is a bullish pattern that forms when an asset’s price makes higher highs and higher lows. The price moves between two parallel trend lines—an upper line connecting the higher highs and a lower line connecting the higher lows. As the channel slopes upward, it signals a continued uptrend. Traders see this as a positive sign, with the price likely to keep rising as long as it stays within the channel.
At the time of analysis, the price of Aave (AAVE) was recorded at $203. If the pattern trend continues, then the price of AAVE might reach the resistance levels of $211.51, and $336.94. If the trend reverses, then the price of AAVE may fall to the support levels of $127.87, and $70.13.
Aave (AAVE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Aave (AAVE) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Aave (AAVE) for 2024.
Aave (AAVE) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Aave (AAVE) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Aave (AAVE) market in 2024.
Aave (AAVE) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Aave (AAVE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Aave (AAVE).
Comparison of AAVE with BTC, ETH
Let us now compare the price movements of Aave (AAVE) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of AAVE is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of AAVE decreases, if the price of BTC and ETH decreases, the price of AAVE increases.
Aave (AAVE) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Aave (AAVE) between 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion
If Aave (AAVE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Aave (AAVE) price prediction for 2024 is $278.43. Comparatively, if unfavorable sentiment is triggered, the bearish Aave (AAVE) price prediction for 2024 is $112.93.
If the market momentum and investors’ sentiment positively elevate, then Aave (AAVE) might hit $300. Furthermore, with future upgrades and advancements in the Aave ecosystem, AAVE might surpass its current all-time high (ATH) of $666.86 and mark its new ATH.
This content was originally published by our partners at The News Crypto.