Aave Price Faces Strong Headwinds: Can It Sustain Upper Levels?

• 1 The price prediction suggests that the token price could reach a high of $240 by the end of year 2025.
• 2 Aave price currently trades at $91.35 with an Intraday loss of 5.85%.
• 3 The daily chart showcases weakness after the formation of a double top pattern.

Aave is a protocol that allows users to lend and borrow crypto assets without intermediaries. Users can deposit their assets into a pool and earn interest, or, borrow from the pool by providing collateral.

The protocol supports two types of borrowings. Overcollateralized is the first type, which means the borrower has to lock more value than they borrow. The second one is undercollateralized, which means the borrower can take a flash loan for one block without any collateral.

Aave aims to create a decentralized and open financial system based on crypto assets. It also has a community in which the users may join on DIscord and interact with the team and other users.

The Aave crypto price witnessed weakness in the recent sessions after the formation of a double top pattern near the recent swing high. It has been down over 8% in the past three sessions.

Moreover, the price trend analysis showcases an optimistic trend prevailing above the key EMAs of 50-day and 200-day. The price action analysis shows the formation of higher highs and higher lows.

Aave Price Prediction 2023

Source: AAVE/USD By TradingView

The technical indicator EMAs imply a neutral to bullish outlook as the price hovers above the 50-day and 200-day EMA. The 50-day EMA has been acting as a dynamic support for the price.

However, the momentum indicator RSI demonstrates weakness in the momentum. RSI shows a bearish crossover of the SMA line and has declined below the mean line indicating weakness.

The price prediction for 2023 showcases a neutral to slightly bullish outlook, indicating an upside potential of nearly 14.30%. The optimistic view of analysts estimates that the price could advance to a high of $104.28 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $83.62.

Aave Price Prediction 2024

As per our analysts, the most optimistic target that the Aave token may achieve is $196.82; suggesting an upside potential of 116.25% from the CMP. The average analyst price target to be attained is $171.48 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $128.03.

Aave Price Prediction 2025

According to the most optimistic analysts’ projections, the AAVE price could reach up to $241.59 in the next three years as its highest value. The price may surpass $209 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $179.788.

Aave Price Prediction 2026

The price analysis for the year 2026 shows that the AAVE cryptocurrency may achieve $352.11 as the highest price. The bearish view of the analysts expects the price to reach a low of $243.93 by 2026.

Aave Price Prediction 2027

The most bullish analysts foresee a potential value of $412.3 by the year 2027. A minimum price target that the AAVE crypto may achieve by 2027 is $310.19.

Aave Price Prediction 2028

The price forecast of the Aave crypto shows that it may reach a high of $530.37 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for the Aave is $372.9.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Amanda Shinoy

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.

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