Aave Crypto Price Prediction – Aave Pump is Coming?

Aave is trading around the $100 price levels. On the 12th May Aave corrected down to $64. Since then, we are already back up to $101. This is a huge 56% increase in price.

Currently Aave is trading in a bullish-continuation pattern known as an ascending channel. This is defined by the support and resistance trendline sloping upwards in a parallel manner.

Should AAVE break out through to the upside, the technical target gives us a price increase of around 30% and a take profit zone of around $131. Aave has been extremely exciting since V3 was deployed across multiple infrastructure projects. We are yet to see V3 deploy on the Ethereum mainnet. I expect to see massive growth for Aave once this does happen.

Aave corrected just over 90% from it’s all-time high, we are now below the 0.786 Fibonacci retracement levels, which could also suggest we are undervalued. Personally, this is where I begin to accumulate cryptocurrencies and put together a diverse long-term investment portfolio.

Cryptoassets are a highly volatile unregulated investment product.

Aave Crypto Price Prediction 2022

With Aave finding its feet at these new lows, it is time to start using technical analysis to help us gauge whether this is a good entry point. How profitable could it be to hold Aave until 2025 I ask myself?


The recent price activity for Aave does show that we are gathering momentum and moving to the upside with confidence, though we could do with a little bit more trading volume to support any major break out opportunity. If Aave can flip $112 back into support, we could slowly starting seeing an increase in price and begin the journey back to $200.

Another bullish factor is that Aave is a large-cap currently trading with a market capital of $1.4b. This means there is space for growth, and it is realistic to even see increases of 1000% over the next decade. Aave at present, ranks #43 on Coinmarketcap.

Aave price history and Fib levels – daily chart

The previous local swing high at $261 shows that we are now approaching the following Fibonacci extension levels. These are the resistance levels that we are most likely to face rejection from.

  • 0.236 Fib – $110.
  • 0.382 Fib – $138.
  • 0.5 Fib – $162.
  • 0.618 Fib – $185.
  • 0.786 Fib – $218.

Aave Price Prediction 2023-2024

With enough solid protocol upgrades and a firm V3 deployment and integration with Ethereum, Aave should be able to comfortably climb back above $400-500. Anything under $100 does seem like a very good buy zone for Aave. Investors such as Mark Cuban are also extremely bullish on Aave, he actually once stated “Banks should be scared”. Now that makes me feel rather positive about the future of Aave.

DeFi is also one of the fastest and most diverse sectors of cryptocurrency that you can prosper and thrive. Decentralised finance assets should be included into any long-term cryptocurrency investment portfolio.

Once we go through a long supply phase and have enough accumulation, the sirens of euphoria will ring once again and retail investors will fomo in whilst the smart-money accumulates and scoops up the blue-chip cryptocurrency projects within market conditions of extreme fear.

Related

DeFi Coin (DEFC) – Undervalued Project

DEFC
  • Listed on Bitmart, Pancakeswap
  • Native Token of New DEX – defiswap.io
  • Up to 75% APY Staking
  • Whitepaper and DeFi Tutorials – deficoins.io
DEFC

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.