Aevo Price Prediction: 2024, 2025, 2030

AEVO price prediction: Key highlights

1. Primary support and resistance levels

• Within the daily timeframe, $0.34 was established as the lowest floor.
• Conversely, $1.00 was observed to be the highest resistance level.

2. Market sentiment

• AEVO remains dominated by a bearish trend in July 2024.

3. Predictive forecasts

• Based on forecasts from our AI/ML algorithms, AEVO's average price is projected to be $18 in 2028 and $170 in 2031.

Gain valuable insights on AEVO via a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

AEVO technical analysis: Examining the possibility of a bullish comeback

The technical analysis of AEVO’s daily chart offers a compelling narrative of the asset's price movements and investor behavior over the observed period. It sheds light on its potential future direction, which is crucial for those interested in the Aevo price prediction for 2024.

The analysis period began with the token struggling under bearish pressure due to a token unlock event. According to data from TokenUnlocks, the network released 827.6 million tokens on May 15, which increased its circulating supply by around 753%. This massively exacerbated the selling pressure.

Nonetheless, the overselling spree triggered a bounce-back that pushed the price from $0.79 to rally toward the critical $1.00 mark. After briefly crossing this level in early June, sell-offs ensued, reinstating the former level as a barrier by the second week.

The market bled as AEVO continued to plunge to new lows, making it oversold once again as it dropped below $0.52. A subsequent recovery attempt to challenge this level later in the month was met with a slight pushback.

Moreover, another retest between the end of June and early July faced a stronger rejection. This drove the asset to a new all-time low (ATL) of $0.33 on July 5, marking $0.34 as the lowest established support for the asset.
 

This was followed by a resurgence of buyers who painted the market green, elevating the price over $0.42. As the analysis concluded, the altcoin traded at $0.47.

If this rally continues with healthy buying pressure, the asset can rise and overcome its current resistance levels. Flipping $1.00 into a support will lead to a bullish reversal. If the buyers manage to avoid liquidations, the price can surge to $2.00 within this year.

However, if the downtrend continues, the price can fall to find support at $0.34. Continued selling pressure can lead AEVO to mark new ATLs.

Looking forward, prediction models appear optimistic about AEVO's price trajectory. Projections indicate an average price of $18 by 2028, with a more ambitious forecast suggesting a rise to $170 by 2031. These forecasts reflect a bullish outlook on the asset's long-term value appreciation, suggesting that current price fluctuations may only represent temporary setbacks within a broader uptrend.

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

• The Awesome Oscillator (AO) spent the entirety of the analysis below the zero line. It closed the period at -0.159, painting a bearish picture for the asset.
• The price candles mostly remained below the 20-day Moving Average (MA), only briefly moving over it and the upper Bollinger Band in early June and slightly in early July. Meanwhile, the candle’s frequent dips below the lower band triggered continuous expansions.
• After the latest drop below the lower band, the bands began to converge, with the price recovering to move closer to the 20 MA. This indicated a resurgence in buying interest driven by low prices.
• The trading volume moved in sync with the price, with intermittent spikes coinciding with major price movements both up and down.
• As the price fell to its lowest floor, it surged. Furthermore, the recent uptick was validated by an increase in volume, suggesting renewed investor interest.