AAVE Price Prediction: Will AAVE Recover After -8.14% Drop?

AAVE price is expected to drop by -8.14% in the next 5 days according to our Aave price prediction model. AAVE is trading at $168.14 after gaining 5.68% in the last 24 hours.

AAVE price is expected to drop by -8.14% in the next 5 days according to our Aave price prediction

is trading at $168.14 after gaining 5.68% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.78% in the same time period. AAVE performed well against BTC today and recorded a 3.34% gain against the world’s largest cryptocurrency.

According to our Aave price prediction, AAVE is expected to reach a price of $155.50 by Nov 27, 2024. This would represent a -8.14% price decrease for AAVE in the next 5 days.

AAVE Price Prediction Chart

Buy/Sell Aave

What has been going on with Aave in the last 30 days

Aave has been displaying a positive trend recently, as the coin gained 11.37% in the last 30-days. The medium-term trend for Aave has been bullish, with AAVE increasing by 19.77% in the last 3 months. The long-term picture for Aave has been positive, as AAVE is currently displaying a 76.01% 1-year price change. On this day last year, AAVE was trading at $95.52.

Aave reached its all-time high price on May 18, 2021, when the price of AAVE peaked at $664.97. The current AAVE cycle high is $198.70, while the cycle low is at $45.88. AAVE has been displaying high volatility recently – the 1-month volatility of the coin is at 10.83. Aave recorded 13 green days in the last 30 days.

Aave technical analysis for today - Nov 22, 2024

The sentiment in the Aave markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $157.85, $146.38 and $140.17, while $175.53, $181.75 and $193.21 are the key resistance levels.

Bearish sentiment for Aave

29 indicators are currently signaling a bullish prediction for Aave, while 2 indicators are showing a bearish forecast. With 94% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Aave.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 94 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Aave moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Aave is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Aave is at 53.44, suggesting that AAVE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Aave over the last 50 days. Currently, Aave is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AAVE closing price for the last 200 days. AAVE is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Aave prediction

After considering the above factors, we can conclude that the current forecast for Aave price prediction is Bullish. AAVE would have to decrease by -8.14% to hit our $155.50 target within the next five days. Moving forward, it will be important to monitor the AAVE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets