Aave (AAVE) Price Prediction 2022 — Will AAVE Hit $400 Soon?

• Bullish AAVE price prediction is $92.3 to $356.5.
• Aave (AAVE) price might also reach $400 soon.
• Bearish AAVE price prediction for 2022 is $46.1.

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 $86.28 with a 24-hour trading volume of $145,857,087 at the time of writing. However, AAVE has decreased by nearly 5.9% in the last 24 hours. 

Moreover, Aave (AAVE) has a circulating supply of 14,010,458 AAVE. Currently, Aave (AAVE) trades in cryptocurrency exchanges such as Binance, KuCoin, OKX, Coinbase Exchange, Upbit and FTX. 

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 48th position on CoinGecko right now. AAVE price prediction 2022 is explained below with a daily time frame.

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. In contrast, the ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. More so, a regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, Aave (AAVE) is in the range of $86.21. If the pattern continues, the price of AAVE  might reach the resistance levels of $92.3, and $115.5. If the trend reverses, then the price of AAVE may fall to $77.9. 

Aave (AAVE) Support and Resistance Levels

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

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

• Resistance Level 1 – $115.6
• Resistance Level 2 – $172.4
• Resistance Level 3 – $258.6
• Resistance Level 4 – $356.5
• Support Level 1 – $78.9
• Support Level 2 – $46.1

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 $356.5.

Accordingly, if the investors turn against crypto, the price of Aave (AAVE) might plummet to almost $46.1, 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.

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 46.96. This means that Aave (AAVE) is in a nearly 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.

The above chart represents the ADX of Aave (AAVE). Currently, the ADX of AAVE lies in the range of 16.3 and thus, it indicates a weak 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 46.96 thus confirming a potential sell signal.

Comparison of AAVE with BTC, ETH

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

From the above chart, it can be interpreted that ETH, BTC, and AAVE are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and AAVE also increase or decrease 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 $450 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 $500 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 $550.

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 $600.

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 $650.

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 $700 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 $750 by 2029.

Aave (AAVE) Price Prediction 2030

With greater advancements in the Aaveecosystem, 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 $800 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 $356.5. On the other hand, the bearish price prediction of Aave (AAVE) price prediction for 2022 is $46.1.

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 $400 if the investors believe that AAVE is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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