- Bullish AAVE price prediction for 2023 is $85.85 to $110.19.
- Aave (AAVE) price might reach $100 soon.
- Bearish (AAVE) price prediction for 2023 is $50.11.
In this Aave (AAVE) price prediction 2023, 2024-2030, we will analyze the price patterns of AAVE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
AAVE (AAVE) PRICE PREDICTION 2023 |
|
| AAVE (AAVE) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Aave (AAVE) Current Market Status
| Current Price | $65.31 |
| 24 – Hour Trading Volume | $76,181,578 |
| Market Cap | $947,182,025 |
| Circulating Supply | 14,509,583 AAVE |
[TD]24 – Hour Price Change[/TD]
[TD]0.03% Up[/TD]
[TD]All – Time High[/TD]
[TD]$666.86 (On May 19, 2021) [/TD]
[TD]All – Time Low[/TD]
[TD]$25.94 (Nov 2020) [/TD]
[/TR]
SOL Current Market Status (Source: TradingView)
Aave 24H Technicals
(Source: TradingView)
What is Aave (AAVE)
| TICKER | AAVE |
| BLOCKCHAIN | Aave |
| CATEGORY | web3 |
| LAUNCHED ON | November 2017 |
| UTILITIES | Governance, security, gas fees & rewards |
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 2023
Aave (AAVE) ranks 45th on CoinMarketCap in terms of its market capitalization. The overview of the Aave price prediction for 2023 is explained below with a daily time frame.
AAVE/USDT Descending Channel Pattern (Source: Tradingview)
In the above chart, Aave (AAVE) laid out a Descending Channel. Descending Channel 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.
At the time of analysis, the price of Aave (AAVE) was recorded at $63.84. If the pattern trend continues, then the price of AAVE might reach the resistance levels of $75.14 and $86.51. If the trend reverses, then the price of AAVE may fall to the support of $61.91.
Aave (AAVE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Aave (AAVE) in 2023.
AAVE/USDT Support and Resistance Levels (Source: Tradingview)
From the above chart, we can analyze and identify the following as resistance and support levels of Aave (AAVE) for 2023.
| Resistance Level 1 | $85.85 |
| Resistance Level 2 | $110.19 |
| Support Level 1 | $62.79 |
| Support Level 2 | $50.11 |
Aave (AAVE) Price Prediction 2023 — 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.
AAVE /USDT RVOL, MA, RSI (Source: Tradingview)
From the readings on the chart above, we can make the following inferences regarding the current Aave (AAVE) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $68.45Price = $63.60 (50MA > Price) | Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 38.77 <30 = Oversold 50-70 = Neutral >70 = Overbought | Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Aave (AAVE) Price Prediction 2023 — 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).
AAVE/USDT ADX, RVI (Source: Tradingview)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Aave (AAVE).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 14.91 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 38.45 <50 = Low >50 = High | Low Volatility |
Comparison of AAVE with BTC, ETH
Let us now compare the price movements of Aave (AAVE) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs AAVE Price Comparison (Source: Tradingview)
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 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Aave (AAVE) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Aave (AAVE) Price Prediction 2024 | $102 | $98 |
| Aave (AAVE) Price Prediction 2025 | $104 | $95 |
| Aave (AAVE) Price Prediction 2026 | $106 | $90 |
| Aave (AAVE) Price Prediction 2027 | $108 | $85 |
| Aave (AAVE) Price Prediction 2028 | $110 | $80 |
| Aave (AAVE) Price Prediction 2029 | $112 | $75 |
| Aave (AAVE) Price Prediction 2030 | $114 | $70 |
Conclusion
If Aave (AAVE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Aave (AAVE) price prediction for 2023 is $110.19. Comparatively, if unfavorable sentiment is triggered, the bearish Aave (AAVE) price prediction for 2023 is $50.11.
If the market momentum and investors’ sentiment positively elevates, then Aave (AAVE) might hit $100. 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.
FAQ
1. What is Aave (AAVE)?
Aave (AAVE) is the governance token of the Aave protocol, a DeFi crypto borrowing and lending platform. AAVE was launched in 2017.
2. Where can you purchase Aave (AAVE)?
Aave (AAVE) has been listed on many crypto exchanges which include Binance, OKX, WEEX, Deepcoin, and Bitrue.
3. Will Aave (AAVE) reach a new ATH soon?
With the ongoing developments and upgrades within the Aave platform, AAVE has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Aave (AAVE)?
On May 18, 2021, Aave (AAVE) reached its new all-time high (ATH) of $661.69.
5. Is Aave (AAVE) a good investment in 2023?
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 2023.
6. Can Aave (AAVE) reach $100?
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 $100 soon.
7. What will be Aave (AAVE) price by 2024?
Aave (AAVE) price is expected to reach $102 by 2024.
8. What will be Aave (AAVE) price by 2025?
Aave (AAVE) price is expected to reach $104 by 2025.
9. What will be Aave (AAVE) price by 2026?
Aave (AAVE) price is expected to reach $106 by 2026.
10. What will be Aave (AAVE) price by 2027?
Aave (AAVE) price is expected to reach $108 by 2027.
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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.
