Aave Price Prediction: 2024, 2025, 2030

AAVE price prediction: Key highlights

1. Primary support and resistance levels

• $53 was established as the lowest support level for the price, as analyzed on the weekly time frame.
• Meanwhile, the highest resistance can lie around $270.

2. Market sentiment

• As of August 2024, AAVE’s bearish momentum is weakening. 

3. Predictive forecasts

• According to our AI/ML predictive algorithms, the average price of AAVE is expected to reach over $5,000 in 2029 and increase to over $300,000 in 2035.

Uncover important insights on AAVE via a detailed weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

AAVE technical analysis: Token gains amid market bloodshed

While artificial intelligence (AI) tokens and memecoins have led this year, decentralized finance (DeFi) tokens have not been left behind. The Aave price prediction for 2024 sheds light on its past trajectory while paving the way for future potential.

At the outset, the token struggled under seller dominance, as evidenced by its swift drop to the lowest support at $53 by mid-August.  Nonetheless, the bullish rally in late 2023 countered the pessimism.

While the token briefly struggled at $97 in early November, sustainable buying pressure turned it into support later in the month. Following this, the price repeatedly tested the $112 resistance between mid-December and mid-January.

Yet, the bulls’ attempts failed, with the asset retracting below the former support. The sector-wide recovery in February painted the chart green. Besides the broader optimism, AMBCrypto reported a significant surge in network activity and revenue growth.
 

Thus, the price reached the highest yearly resistance of $130 in March. This barrier was tested for over a month. Nevertheless, as the entire market succumbed to selling pressure, so did AAVE. A substantial drop caused the price to fall to a low of $77 in early April.
 

Interestingly, on May 1, Aave Labs announced plans to launch Aave V4 by 2030. This new iteration will feature a unified cross-chain liquidity layer (CCLL) to consolidate liquidity from multiple networks into a single protocol. Additionally, the development and adoption of Real World Assets (RWAs) represent another significant advancement in this upcoming version.
 

Building on this hype, a substantial pump later in May allowed the bulls to retest $112. However, consecutive red candles erased these gains, as AAVE returned to $77 by mid-June. This was succeeded by another recovery attempt focused on flipping $97 back in bullish favor.

Furthermore, the introduction of GHO stablecoin on the Arbitrum (ARB) blockchain on July 2 bolstered these attempts. Since this level was previously weakened, the bulls reclaimed it by the second week of July. 

Even as the broader market struggled, AAVE pumped to retest the $112 resistance, making it the week's top gainer. The DeFi token traded at $103 at the time of writing. As per AMBCrypto’s recent analysis, the mean coin age has increased since early July, suggesting accumulation.

Nevertheless, the 30-day MVRV faced highs, last seen in March, hinting at potential selling pressure from short-term holders. The report anticipated a possible rise to $129 and $142, albeit with expected price dips en route.

Meanwhile, Aave V4’s continuous development and the decentralized autonomous organization's (DAO) plans to deploy the stablecoin across various networks can likely impact the price’s prospects, sparking long-term optimism. Persistent rallies can lead AAVE to trade as high as $314 within 2024. However, the token can likely experience a pullback at $270.
 

Considering the bearish scenarios, the current support level was a focal point for market players. If the increased selling pressure causes this level to fail, AAVE can drop to $77. Notably, a break below this mark will effectively mark a significant valuation loss as the price finds support at $53.

Our prediction models project a notable ascent in AAVE’s price trajectory. The models forecast that AAVE will average over $5,000 in 2029. This uptrend is anticipated to continue significantly, with predictions suggesting an increase of approximately $300,000 in 2035.

AAVE's 2024 roadmap: Key indicators to watch and trade

• The trading volume demonstrated a consistent relationship with the price. Increased volumes acted as a validation of the price rallies,  highlighting investor interest. 
• The On-Balance Volume (OBV) remained relatively flat between mid-August and October, followed by a strong ascension. From November to January, the indicator stabilized again before climbing until mid-March. 
• After that, the OBV reversed its trajectory, reaching 43.775 million at the time of the analysis. This reflected net selling pressure.
• The Awesome Oscillator (AO) climbed over the zero line in late October, only to drop again in May. The decrease in negative values from mid-July indicated a resurgence of bullish forces. At press time, the AO stood at -2.45.