The AAVE price has continued its inexorable descent since reaching a bi monthly high on July 6 at $313. It is now at least 30% down from those levels with the last 24-hour close clocking in at the $220 mark. If you haven’t yet taken the plunge with AAVE, check out this How To Buy Cryptocurrency Beginner’s Guide. Although the situation looks quite bleak for AAVE at present, it seems that downside momentum has slowed down considerably. The drop from 6 July has been pretty brutal but the $220 level seems to be holding quite well. One may also expect a rebound from the bottom with the price reacting to buying pressure and going up accordingly. Short Term Price Forecast For AAVE Price: Looking To Bounce Back? Get FREE Crypto Signals Now! As already indicated, the AAVE price is currently down by around 30% from its July 7 high of $313. There was also another big descent on July 3rd when it reached the $400 level only to drop to the $28 mark on 6 June. This was a 25% drop over 2 hours and after a small rally to $313, AAVE continued descending and is now at the $220 mark. Short term, the AAVE price is expected to settle at around the $215-$220 levels before beginning a leg up to perhaps test the $250 mark. All depends on the situation with the crypto market which is currently in quite a depressed sentiment with AAVE no less affected. A daily close above the $230 level would indicate that AAVE is in reversal and a test of the $250 mark would be the next step. This would be a 12% increase from the current price. Alternatively a bearish thesis would see the AAVE price drop below the $200 level and settle at around the $186 mark where there is strong support. If you haven’t yet bought some cryptocurrency, now would be a good time to grab hold of some so check out these Best Cryptocurrency Brokers. Long Term Price Forecast: Looking Bullish Till End Of Year Although the AAVE price has suffered somewhat of late with the brutal descent touching the 70% mark from all time highs, it does look like there’s a reversal on the cards. Some analysts are predicting a further drop in July to below the $200 mark where some consolidation may be found and AAVE begins the leg up. For end of year, predictions are even more bullish with the price once again expected to reach $600, a level last seen in early May. As mentioned earlier, a lot depends on the general situation in the crypto market with several coins now at more than 50% below their all-time highs. Looking to buy or trade [coin name here]now? Invest at eToro! Buy AAVE Now Capital at risk Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Crypto News share Read Next Uniswap Price Forecast: Time To Buy UNI As Price Remains Cheap? Gerald Fenech 1 year The AAVE price has continued its inexorable descent since reaching a bi monthly high on July 6 at $313. It is now at least 30% down from those levels with the last 24-hour close clocking in at the $220 mark. If you haven't yet taken the plunge with AAVE, check out this How To Buy Cryptocurrency Beginner's Guide. Although the situation looks quite bleak for AAVE at present, it seems that downside momentum has slowed down considerably. The drop from 6 July has been pretty brutal but the $220 level seems to be holding quite well. One may also expect… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.