Key takeaways
- AAVE price prediction for 2024 could reach a maximum value of $195.45.
- By 2027, AAVE could reach a maximum price of $622.38.
- In 2030, AAVE will range between $933.57 to $1,011.37.
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
Aave price prediction: Technical analysis
Aave price analysis 1-day chart: AAVE is slightly bearish, bullish reversal soon?
TL;DR Breakdown
- Aave (AAVE) bounces back after facing rejection at $189.
- AAVE’s support level is present at $160.52.
- A breakout above $184.33 could see AAVE retest the $199 price mark.
The AAVE/USD price analysis for November 26 shows the bears entering the market, with AAVE losing 7% over the last 24 hours. Recent price action suggests the bullish trend from early November may be weakening after a rejection near $189.83. With an 8% gain over the past 7 days and a 20.20% gain over the past 30 days, a bullish reversal could be imminent.
Aave price analysis 1-day chart: AAVE faces rejection at $189.83
The 1/day chart for AAVE/USDT shows the price at $170.54, down 6% today, hovering near a critical support level at $165.69 indicated by the Chande Kroll Stop.
The RSI sits at 52.03, signaling a balanced market with no clear overbought or oversold conditions. If this level holds, there’s potential for a rebound toward $184.33 or higher. However, a breakdown below $165.69 could trigger further declines, with $160.52 and $150.75 acting as key support zones.
Aave price analysis 4-hour chart: AAVE to remain range-bound or break to the upside?
The 4-hour price analysis for AAVE reflects mild bullish movement in the short term, with the price slightly above the Bollinger Band basis line. As seen on the chart, AAVE has room to move either upward toward resistance at $186.92 or downward toward support at $162.73. The relatively stable Bollinger Band width suggests the market is neither experiencing a volatility squeeze nor showing extreme volatility, meaning AAVE could remain range-bound.
The MACD indicates bearish momentum, with the MACD line below the signal line. On the other hand, the Balance of Power (BoP) at 0.49 indicates that buyers have a slight edge, which aligns with the recent upward price move. However, the strength of the uptrend is not yet sufficient to suggest a breakout. A move above $174.83 could push the price toward $186.92 and higher, while a drop below $162.73 could result in further declines.
Aave technical indicators: Levels and action
Daily simple moving average (SMA)
Daily exponential moving average (EMA)
What to expect from AAVE price analysis?
Our analysis shows mixed signals for AAVE. The 1-day price chart indicates a mild bearish run, while the 4-hour chart suggests small gains. An indecisive market could mean that AAVE remains range-bound. In that case, traders should pay close attention to AAVE’s price movement within the $184.33 to $165.69 range for short and long positions.
Is AAVE a good investment?
Aave provides the 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 also offer a variety of trading pairs and support AAVE.
Why is AAVE down?
Aave’s price decline is primarily due to prevailing market conditions and increased selling pressure as more tokens move to exchanges.
Will Aave reach $500?
Aave (AAVE) can potentially reach $500 if it breaks through the current resistance levels and gains momentum from positive, market sentiment and trends. AAVE had previously reached an ATH of $666.86; attaining $500 should be an achievable feat in the near term if market conditions align.
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 $116 indicates resilience and potential for future growth.
Recent news/opinion on AAVE
- Aave announces the integration of Edge Risk Oracles intended to deliver dynamic and real-time risk management to Aave.
1/ Following @Aave DAO selection and approval, Aave has integrated Edge Risk Oracles!
Edge is now delivering dynamic, real-time risk management to Aave.
This is the new standard for DeFi risk management. pic.twitter.com/nj6Tnpk685
— Chaos Labs (@chaos_labs) November 26, 2024
- Aave’s lending activity has surged 300% since the start of the year, growing from $3.4 billion to over $10 billion in active loans.
BREAKING: Active loans on @aave surpassed $10 billion.
Aave started the year with $3.4 billion in active loans. pic.twitter.com/JVm9dJAMiD
— Token Terminal (@tokenterminal) November 20, 2024
Aave price prediction November 2024
Aave could experience an uptrend in November, reaching $195.45 at the end of the month. The minimum price projected for the coin is around $152.67, while the average is around $170.34.
Aave price prediction 2024
By the end of 2024, the value of AAVE might reach a maximum value of $220.78, a minimum price of $157.3, and an average price of around $185.21.
Aave price prediction 2025-2030
Aave (AAVE) price prediction 2025
The AAVE price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $363.05. Based on expert analysis, investors can expect an average price of $324.16 and a minimum price of about $285.26.
Aave price forecast 2026
According to the AAVE price forecast for 2026, Aave is anticipated to trade at a minimum price of $414.92, a maximum price of $492.72, and an average price of $453.82.
Aave price prediction 2027
The AAVE price prediction for 2027 indicates a continued rise with minimum and maximum prices of $544.58 and $622.38, respectively, as well as an average price of $583.48.
Aave price prediction 2028
Aave price is expected to reach a minimum of $674.24 in 2028. The maximum expected AAVE price is $752.04, with an average price of $713.14.
Aave price prediction 2029
The AAVE price prediction for 2029 estimates a minimum price of $803.91, a maximum price of $881.7, and an average price of $842.8.
Aave price prediction 2030
The Aave price prediction for 2030 suggests a minimum price of $933.57 and an average price of $972.47. The maximum forecasted Aave price is set at $1,011.37.
AAVE price prediction 2024-2030
AAVE market price prediction: Analysts’ AAVE price forecast
Cryptopolitan’s Aave (AAVE) price prediction
According to our AAVE price forecast, the coin’s market price might reach a maximum value of $155.67 by the end of 2024. Looking forward to 2026, the average Aave price could surge to $403.56.
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.
- In October, AAVE traded between the range of $132 – $165.85. At the time of writing, November, AAVE is trading within the range of $166.23 – $186.17.
