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Aave Price Prediction – Will Aave Price Hit $500 in 2022?

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This Aave (AAVE) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Aave price analysis and prediction.

Over the past few weeks, the crypto market seems to be making a fast recovery. After the dip in the past two months, the crypto market has either remained stable or growing steadily. At the moment, it seems that the digital asset industry might finally be on the up and up again.

Will AAVE experience the same price volatility? We’ll find out soon in this AAVE price analysis 2022 article. But first, let’s have a look at what AAVE is.

What is Aave Token (AAVE)?

Aave is a decentralized finance (DeFi) protocol that enables users to borrow and lend cryptocurrency. Moreover, lenders can earn interest by depositing crypto assets into specially developed liquidity pools. Even more, the borrowers can utilize their digital assets as collateral to take flash loans with liquidity.

Aave was originally called as ETHLend when it launched in November 2017, however, the rebranding to Aave occurs in September 2018. More so, AAVE offers holders discounted fees on the platform, and it also works as a governance token providing owners a say in the future development of the protocol.

Now that we are clear about AAVE do you think AAVE will be beneficial crypto in 2022? Join me and let us see the charts in this AAVE price analysis and AAVE price prediction.

Aave (AAVE) Current Market Status

As of the time of writing this Aave Token price analysis, AAVE trades at $70.32 with a 24-hour trading volume of $259,954,863. The price of AAVE has increased by 0.19% in the last 24 hours.

Currently, the top cryptocurrency exchanges for AAVE are WBF Exchange, Binance, OKEx, FTX, and Tokocrypto. Now, let’s go to the next part of this AAVE technical analysis for 2022.

That said, is Aave Token a good cryptocurrency to invest in 2022? Let’s find out in this Aave Token price prediction 2022 article.

Aave (AAVE) Price Analysis 2022

Currently, AAVE holds 51st place on CoinGecko. But will the latest upgrades, development, and changes in the AAVE blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this AAVE price prediction article.

AAVE/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of 1-day chart is 50.66.  This shows that AAVE is showing a strong trend since it is between 50 and 70. This value might trigger a bullish run soon since it seems that more buyers are repositioning as the value is moving towards the 70 RSI value which is the overbought region.

AAVE/USDT 1Day Chart showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for AAVE/USDT, we can deduce that the price of AAVE might experience a bullish run since it is consolidating after a surge from the top part of the channel. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

AAVE/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The 200-MA is above the 100-MA in the AAVE/USDT 1day chart above. The gap between the two moving averages is not close, which means that the present long-term yield for AAVE will be high, though there will be a bearish run since the 100-MA is getting closer to the last candlestick.

Aave (AAVE) Price Prediction 2022

The chart below shows that AAVE has performed great over the past few days. Moreover, the AAVE price shows a bullish trend. If this trend continues, AAVE might run along with the bulls, overtaking its $85.2 resistance1 level and moving even higher to $424.5 at the resistance9 level, the bullish signal for 2022.

AAVE/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and push AAVE from its uptrend position. In simpler terms, the price of AAVE might decrease to almost $44.2, a bearish signal.

Meanwhile, our long-term AAVE price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, Aave Token will reach $424.5 by the end of 2022. Moreover, in July 2022, AAVE is going to show fast growth, up to $85.2. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $500 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Aave (AAVE) Price Prediction 2023

If AAVE holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $750, making it not plummet but play consistently.

Aave (AAVE) Price Prediction 2024

As per the latest upgrades, developments, AAVE price prediction, and new project forecasts of the platform, AAVE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of AAVE in the crypto market, and it will be the best investment as the price can spike and reach around $950.

Aave (AAVE) Price Prediction 2025

In the next three years, AAVE prices could race up to $1200. However, reaching this level could not be so difficult for AAVE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AAVE has a high possibility of reaching new ATH soon in the next three years as per the prediction.

Aave (AAVE) Price Prediction 2026

In the next four years, AAVE prices could race up to $1500. However, reaching this level could not be so difficult for AAVE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AAVE has a high possibility of reaching new ATH soon in the next four years as per the prediction.

Aave (AAVE) Price Prediction 2027

As per the latest upgrades, developments, AAVE price prediction, and new project forecasts of the platform, AAVE investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of AAVE in the crypto market, and it will be the best investment as the price can spike and reach around $2000.

Aave (AAVE) Price Prediction 2028

In the next six years, AAVE prices could race up to $2500. However, reaching this level could not be so difficult for AAVE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AAVE has a high possibility of reaching new ATH soon in the next six years as per the prediction.

Aave (AAVE) Price Prediction 2029

In the next seven years, AAVE prices could race up to $3000. However, reaching this level could not be so difficult for AAVE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AAVE has a high possibility of reaching new ATH soon in the next seven years as per the prediction.

Aave (AAVE) Price Prediction 2030

As per the latest upgrades, developments, AAVE price prediction, and new project forecasts of the platform, AAVE investors could expect many partnerships and integrations around 2030. Moreover, this might boost the price of AAVE in the crypto market, and it will be the best investment as the price can spike and reach around $3500.

Conclusion

Aave Token has a bright future ahead of it in 2022. With the ongoing developments happening within the AAVE ecosystem, as well as in the overall crypto market, we may see AAVE reach new heights.

Bullish AAVE price prediction 2022 is $424.5. As said above, it may even reach its new ATH if investors have decided that AAVE is a good investment in 2022, along with mainstream cryptocurrencies.

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