Aave (AAVE) Price Prediction 2022 — Will AAVE Hit $62 Soon?

Aave (AAVE) Price Prediction 2022 — Will AAVE Hit $300 Soon?
  • Bullish AAVE price prediction is $71.6 to $171.6.
  • Aave (AAVE) price might also reach $62 soon.
  • Bearish AAVE price prediction for 2022 is $45.8.

In Aave (AAVE) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about AAVE to analyze the future movement of the cryptocurrency.

Aave (AAVE) Current Market Status

According to CoinGecko, the price of Aave (AAVE) is $59.47 with a 24-hour trading volume of $103,601,801 at the time of writing. However, AAVE has decreased by nearly 0.9% in the last 24 hours. 

Moreover, Aave (AAVE) has a circulating supply of 14,167,653 AAVE. Currently, Aave (AAVE) trades in cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, LBank, MEXC and Bybit.

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. 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 2022

Aave (AAVE) holds the 52nd position on CoinGecko right now. AAVE price prediction 2022 is explained below with a daily time frame.

AAVE /USDT Rounding Bottom Pattern (Source: Tradingview)

The above chart of Aave (AAVE) laid out the rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish.

Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.

Currently, Aave (AAVE) is in the range of $61.3. If the pattern continues, the price of AAVE  might reach the resistance levels of $65.2, and $79.0. If the trend reverses, then the price of AAVE may fall to $59.3 and $53.0.

Aave (AAVE) Support and Resistance Levels

The chart below shows the support and resistance levels of Aave (AAVE).

AAVE /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Aave (AAVE).

Resistance Level 1 $71.6
Resistance Level 2$114.7
Resistance Level 3$171.6
Support Level $45.8
AAVE /USDT Support and Resistance Levels

The charts show that Aave (AAVE) has performed a bullish trend over the past month. If this trend continues, AAVE might run along with the bulls overtaking its resistance level at $171.6.

Accordingly, if the investors turn against crypto, the price of Aave (AAVE) might plummet to almost $45.8, a bearish signal.

Aave (AAVE) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Aave (AAVE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of AAVE lies below the cutoff line, indicating weak participants in the current trend.

AAVE /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Aave (AAVE) is shown in the chart above. Notably, the Aave (AAVE) price lies below 50 MA (short-term), so it is in a downtrend. Currently, AAVE has entered a bearish state. Therefore, there is a possibility of a reversal trend of AAVE at any time.

Meanwhile, the relative strength index (RSI) of the AAVE is 39.32. This means that Aave (AAVE) is in an oversold state. However, this means a major price reversal of AAVE may occur in the upcoming days. So, traders need to trade carefully.

Aave (AAVE) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Aave (AAVE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

AAVE /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Aave (AAVE). Currently, the ADX of AAVE lies in the range of 34.4 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Aave (AAVE). RVI measures the constant deviation of price changes over a period of time. The RVI of AAVE lies above 50, indicating high volatility. In fact, the RSI of Aave (AAVE) is at 39.32 thus confirming a potential buy signal.

Comparison of AAVE with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Aave (AAVE).

BTC Vs ETH Vs AAVE  Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that ETH, and AAVE are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of AAVE also increases or decreases respectively.

Aave (AAVE) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses, Aave (AAVE) might probably attain $65 by 2023.

Aave (AAVE) Price Prediction 2024

With several upgrades in the network, Aave (AAVE) might enter a bullish trajectory. If the coin grabs the attention of major investors, AAVE might rally to hit $70 by 2024. 

Aave (AAVE) Price Prediction 2025

If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, AAVE would rally to hit $75.

Aave (AAVE) Price Prediction 2026

If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, AAVE would rally to hit $80.

Aave (AAVE) Price Prediction 2027

If Aave (AAVE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, AAVE would rally to hit $85.

Aave (AAVE) Price Prediction 2028

If Aave (AAVE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, AAVE would hit $90 in 2028.

Aave (AAVE) Price Prediction 2029

If investors flock in and continue to place their bets on Aave (AAVE), it would witness major spikes. AAVE might hit $95 by 2029.

Aave (AAVE) Price Prediction 2030

With greater advancements in the Aave Ecosystem, the crypto community might continue to invest in AAVE for the next 8 years and drive significant price rallies for the token. Hence, Aave (AAVE) might hit $100 by 2030.

Conclusion

With continuous improvements in the Aave network, we can say that 2022 is a good year for AAVE. For this reason, the bullish price prediction of Aave (AAVE) in 2022 is $171.6. On the other hand, the bearish price prediction of Aave (AAVE) price prediction for 2022 is $45.8.

Furthermore, with the advancements and upgrades to the Aave ecosystem, the performance of AAVE would help to reach above its current all-time high (ATH) of $661.69 very soon. But, it might also reach $62 if the investors believe that AAVE is a good investment in 2022.

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, Coinbase Exchange, LBank, MEXC and Bybit.

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 2022?

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 2022.

6. Can Aave (AAVE) reach $62?

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 $62 soon.

7. What will be Aave (AAVE) price by 2023?

 Aave (AAVE) price is expected to reach $65 by 2023.

8. What will be Aave (AAVE) price by 2024?

 Aave (AAVE) price is expected to reach $70 by 2024.

9. What will be Aave (AAVE) price by 2025?

 Aave (AAVE) price is expected to reach $75 by 2025.

10. What will be Aave (AAVE) price by 2026?

 Aave (AAVE) price is expected to reach $80 by 2026.  

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.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.