AAVE has been a super bullish cryptocurrency after its breakout from $166 and now looks to cross $412 by the peak of the next alt season, i.e., early or mid-2026. If this pattern is completed, it can easily cross $1000 by 2030.
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What is AAVE?
At the core of the platform is the AAVE token, which is also its governance token. It is a highly popular decentralized finance protocol that allows its users to lend, borrow, or stake on its platform. The APY rate is competitive.
It supports the following assets:
- ETH, all of its forms i.e., native, wrapped, and liquid staked tokens.
- Wrapped Bitcoin
- USDT
- AAVE
- Chainlink (LINK)
- Savings DAI (sDAI)
- Rocket Pool ETH (rETH)
- Coinbase Wrapped BTC and ETH.
And several others.
Fundamental Analysis
AAVE as a DeFi platform is very easy to use and supports all common operations like lend, borrow, stake, and even liquid re-staking.
The platform has a very high TVL of $13 billion which makes it the second-largest staking protocol after Lido’s $26 billion and the largest among lending DeFi protocols.
It also has a daily volume of $400 million approximately. And the total liquidity on the platform exceeds $20 billion.
The platform has an annual revenue of around $50 million which is enough for it to ensure its long-term operational viability. In easy words, the platform is unlikely to die from cash starvation.
Additionally, a look at its treasury shows that it has a $59 million worth of assets which is enough to let it survive bad times but is unlikely to aid the platform in any kind of market manipulation. This makes it safer for small-time users.
Finally, AAVE is a leader in a high-growth space (DeFi) that is expected to grow by 45.6% CAGR.
Technical Analysis
AAVE has gained 34% in the last month and over 170% over the last year. It is expected to continue this momentum and rise to $666 to $1000 by 2030.
The bullishness in AAVE is best captured via weekly charts because it shows the price movements in a greater time frame.
AAVE crossed a very important resistance of $166 on 16 September 2024 which it has been trying to cross since 02 May 2022. The crossover marks the beginning of a super bullish phase in AAVE.
Further, two momentum indicators, RSI and MACD have been showing a highly bullish outlook.
RSI is at a super bullish level of 68 and might soon cross the level of 70. Upon crossing it, the momentum in AAVE might increase multifold.
Further, MACD has shown a rare positive divergence of a higher degree. This means that the current momentum in AAVE is enough to take the crypto above its multi-year high of $242.
Another interesting observation is that if AAVE manages to cross $240 by the end of 2024, it will see the complete formation of a rounding bottom pattern on weekly timeframes. This pattern is enough for AAVE to cross $412 by the peak of the current alt season.
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AAVE Price Prediction 2024 to 2030
AAVE’s price prediction shows that the 2024 targets are at $240 and the 2025 targets are at $412, with the long-term targets at $1000.
Price Prediction 2024
AAVE’s high momentum is enough to help the crypto cross $242 by the end of 2024. The recent breakout above $166 will prove crucial for this achievement.
Price Prediction 2025
AAVE is set to cross $412 by the end of 2025. This achievement will be a buildup on its 2024 targets and will help AAVE finish a rounding bottom pattern at the end of the alt season.
Price Prediction 2026
If the current alt season gets stronger, AAVE will be one of the top achievers in the current markets. This is because the crypto will see the complete formation of a rounding bottom pattern which can help it achieve $531 and then $666 (in a couple of years) with galloping speed.
Price Prediction 2027
AAVE might show some corrections in 2027 as crypto markets tend to correct a year prior to Bitcoin halving. We expect a drop to $500 levels, but this drop could go deeper to $460 if the corrections are intense.
Price Prediction 2028
AAVE might see another round of gains just prior to the 2028 bull season. This time, it may cross $666 easily.
Price Prediction 2029
The 2029 alt season could take AAVE to $800 levels or even higher depending upon the strength of the alt season.
Price Prediction 2030
Long-term AAVE price predictions put the targets at $1000 based on purely technical levels. If we add fundamentals, AAVE could grow to $1250 levels by the turn of the decade.
