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

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

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  • The bullish AAVE price forecast is $92.3 to $356.5.
  • Aave (AAVE) price may also reach $400 soon.
  • The bearish AAVE price forecast for 2022 is $46.1.

Aave (AAVE) price forecast 2022 we use statistics, price patterns, RSI, RVOL and other AAVE data to analyze the future movement of the cryptocurrency.

Aave (AAVE) Current market state

According to CoinGecko, Aave (AAVE) is trading at $86.28 with a 24-hour trading volume of $145,857,087 at the time of writing. However, AAVE has dropped almost 5.9% in the last 24 hours.

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

What is Ghost (AAVE)?

Aave (AAVE) is the original administrative token of Aave, Ethereum’s crypto lending and borrowing protocol, the DeFi protocol. Aave (AAVE) was launched in 2017 as ETHLend. The Aave protocol allows users to create and use liquidity pools for crypto and real world assets.

Aave also allows the lender to earn interest by locking their assets into the pool. Lenders also take advantage of crypto-secured loans through decentralized smart contracts. The AAVE token gives voting rights to its holders to participate in the management of the minutes. Users can also use AAVE tokens as collateral for the Aave protocol. The third version of Aave, Aave v3, gives more interoperability to the Aave protocol.

Aave (AAVE) Price Prediction 2022

Aave (AAVE) is currently ranked 48th on CoinGecko. AAVE price forecast 2022 is explained below with daily time frame.

AAVE /USDT descending triangle pattern (Source: Trading view)

A descending triangle is most commonly seen in downtrends and is often interpreted as a bearish signal. Conversely, an ascending triangle pattern is the reverse of a descending triangle pattern. When 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 general trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be ascending or descending. Additionally, a regular descending triangle pattern is traditionally considered a descending chart pattern. A descending triangle pattern, on the other hand, can be an ascending one.

Currently, Aave (AAVE) is between $86.21. If the pattern continues, the price of AAVE may reach the $92.3 and $115.5 resistance levels. If the trend reverses, AAVE’s price could drop to $77.9.

Aave (AAVE) support and resistance levels

The table below shows support and resistance levels for AAVE (AAVE).

GHOST /USDT support and resistance levels (Source: Trading view)

From the daily time frame above, we can clearly interpret the next Aaven (AAVE) as a resistance and support level.

  • 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 risen over the past month. If this trend continues, AAVE may go along with the bulls that will pass its resistance level at $356.5.

Thus, if investors turn against the crypto, the price of AAVE (AAVE) may drop to near $46.1, which is 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 indication of how the current trading volume has changed over a period of time since the previous trading session. Currently, AAVE’s RVOL is below the cutoff line, indicating weak participants in the current trend.

The moving average (MA) of AAVE (AAVE) is also shown in the chart above. In particular, Aave (AAVE) price is below 50 MA (short-term), so it is in a downtrend. Currently, AAVE has entered a declining state. Therefore, it is possible for AAVE to reverse at any time.

Meanwhile, AAVE’s relative strength index (RSI) is 46.96. This means that Aave (AAVE) is almost in an oversold state. However, this means that the price of AAVE may change significantly in the coming days. So traders should trade carefully.

Aave (AAVE) Price Prediction 2022 – ADX, RVI

Now let’s take a look at the Average Directional Index (ADX) of AAVE (AAVE). It helps measure the overall strength of the trend. The indicator is the average of the values ​​of the expanding Price Category. This system tries to measure the strength of price movement in positive and negative direction using DMI indicators with ADX.

The chart above represents the ADX of Aaven (AAVE). Currently, AAVE’s ADX is in the region of 16.3, thus indicating a weak trend.

The chart above also represents the Relative Volatility Index (RVI) of Aaven (AAVE). RVI measures the constant deviation of price changes over a certain period of time. AAVE’s RVI is above 50, indicating high volatility. In fact, Aaven (AAVE) RSI is at 46.96, confirming a potential sell signal.

Comparison of AAVE with BTC, ETH

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

BTC vs ETH vs AAVE price comparison (Source: Trading view)

From the chart above, it can be interpreted that ETH, BTC and AAVE are moving in a similar trend. This shows that when the price of BTC rises or falls, the price of ETH and AAVE will also rise or fall accordingly.

Aave (AAVE) Price Prediction 2023

If the downward price action slows down completely and the trend reverses, Aave (AAVE) may reach $450 by 2023.

Aave (AAVE) Price Prediction 2024

With several updates online, Aave (AAVE) may be on the upswing. If the coin catches the attention of large investors, AAVE could reach $500 by 2024.

Aave (AAVE) Price Prediction 2025

If Aave (AAVE) maintains major resistance levels and continues to be recognized as a better investment option among investors for the next three years, AAVE will rise to $550.

Aave (AAVE) Price Prediction 2026

If Aave (AAVE) maintains major resistance levels and continues to be recognized as a better investment option among investors for the next four years, AAVE will rise to $600.

Aave (AAVE) Price Prediction 2027

If Aave (AAVE) maintains major resistance levels and continues to be recognized as a better investment option among investors for the next five years, AAVE will rise to $650.

Aave (AAVE) Price Prediction 2028

If Aave (AAVE) maintains a strong position as a better investment option for the next six years amid highly volatile crypto market trends. Riding significant price rallies, AAVE would reach $700 in 2028.

Aave (AAVE) Price Prediction 2029

If investors rally and continue to bet on Aave (AAVE), it would see some big spikes. AAVE may reach $750 by 2029.

Aave (AAVE) Price Prediction 2030

With greater progress in the Aavee ecosystem, the crypto community may continue to invest in AAVE for the next 8 years and cause significant price rallies for the token. Thus, Aave (AAVE) may reach $800 by 2030.

Conclusion

With the continuous improvement of the Aave network, it can be said that 2022 will be a good year for AAVE. This is why the bullish price forecast for Aaven (AAVE) in 2022 is $356.5. On the other hand, the bearish price forecast for AAVE (AAVE) price forecast for 2022 is $46.1.

Moreover, with the developments and upgrades in the Aave ecosystem, AAVE’s performance would help it reach the current All-Time High (ATH) of $661.69 very soon. But it could also reach $400 if investors believe AAVE is a good investment in 2022.

FAQ

1. What is Ghost (AAVE)?

Aave (AAVE) is the management token of the Aave protocol, a DeFi crypto lending and borrowing platform. AAVE was launched in 2017.

2. Where can you buy Aave (AAVE)?

Aave (AAVE) is listed on many crypto exchanges including Binance, KuCoin, OKX, Coinbase Exchange, Upbit and FTX.

3. Will Aave (AAVE) reach a new ATH soon?

Thanks to the continuous development and updates of the Aave platform, Aave (AAVE) has a good chance of reaching ATH soon.

4. What is Aaven’s (AAVE) All Time High (ATH) currently?

On May 18, 2021, Aave (AAVE) reached a 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 most rising cryptocurrencies this year. According to AAVE’s achievements in recent months, AAVE is considered a good investment target in 2022.

6. Can Aave (AAVE) reach $400?

Aave (AAVE) is one of the active cryptos that continues to rise. Ultimately, if this uptrend continues, Aave (AAVE) will soon reach $400.

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

Aave (AAVE) price is expected to reach $450 by 2023.

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

Aave (AAVE) price is expected to reach $500 by 2024.

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

Aave (AAVE) price is expected to reach $550 by 2025.

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

Aave (AAVE) price is expected to reach $600 by 2026.

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

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