Aurora Price Prediction: 2024, 2025, 2030

AURORA price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart pointed to $0.04 to be the lowest price floor.
• On the upside, $1 can likely prove to be the highest resistance level.

2. Market sentiment

• The market has been observed to be slightly bearish in May 2024.

3. Predictive forecasts

• Our AI/ML predictive models forecast the average price of AURORA at $9 in 2028 and $1,300 in 2035.

Get valuable insights on AURORA via a comprehensive 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:

AURORA technical analysis: Bears tighten their grip as bulls lose footing

As the excitement surrounding digital currencies continues to escalate, so does the interest in exploring the various available options. Thus, Aurora's price prediction for 2024 emerges as a crucial resource for investors seeking to navigate the promising yet volatile cryptocurrency landscape.
 

For most of 2023, the token displayed a predominantly bearish trend. The initial downturn marked the continuation of a series of sell-offs. By June, the token's value had dipped below the critical threshold of $0.10. This downward trajectory persisted, pushing the price to its lowest support level of $0.04 in late 2023.

Towards the end of October, a change in market dynamics was observed. The bulls eyed to test $0.10. After a month-long struggle, this level was successfully reestablished as a support base. 

A significant price surge in December propelled the token to approach the high resistance level of $0.51. Concurrently, the price tested the $0.33 resistance, leading to a corrective pullback. Unlike previous patterns, this adjustment did not result in a continued downtrend. Further declines were arrested at the $0.21 support level in January. 
 

In February, another effort to lift the price was observed. This was followed by a mid-March price pump that allowed the price to surpass the $0.33 barrier and retest the $0.51 resistance. Yet again, the market responded with a price drop. This was indicative of a corrective phase following an overvalued market condition. 

As the calendar turned to Q2 2024, the token found itself back at $0.21. At the time of writing, the altcoin slightly recovered to trade at $0.26. The future trajectory of AURORA's market is critically dependent on the bulls' ability to maintain the current support level.

A successful defense of this level could catalyze a rally toward reclaiming $0.33. A move across the peak chart resistance puts $0.80 as the next likely target. Achieving this target hinges on sustained buying pressure, which could potentially propel the token towards the $1 mark. 
 

Reaching this milestone introduces the possibility of encountering significant resistance, reflective of both psychological barriers and potential profit-taking by investors. Meanwhile, if the support level is breached, it would decisively trigger a prolonged downtrend. Consequently, the price may retreat to $0.21. 

The predictive models project an optimistic trajectory for the token's value in the coming years. According to these forecasts, the average price is anticipated to reach $9 by 2028. This milestone would bring it closer to a double-digit valuation.

This is expected to be followed by a significant increase to $1,300 by 2035. These predictions underscore a bullish outlook for AURORA, reflecting expectations of strong growth and increased adoption.

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

• The Awesome Oscillator’s (AO) negative values started diminishing from the outset. The indicator turned positive in November. It signaled a shift in market momentum toward a bullish trend.
• After peaking in January, the AO experienced a decline in its positive values, which was subsequently reversed towards the end of February. This pattern of declines was again noted in April. As of the latest observation, the indicator stood at 0.0287. This signaled that the bulls were losing strength.
• The trading volume was notably low during the bearish phase. It underscored a lack of investor engagement. However, with the onset of major price gains in late 2023, the volume sustained sporadic spikes. Additionally, it decreased rapidly as the price retreated.
• The Bollinger Bands displayed a minor expansion as the price approached the lower band in May. Subsequent downward movements led to further contractions in the bands, with the price consistently staying below the 20-week Moving Average (MA) until the end of October.
• The following bull run led the price to not only surpass this MA but also slightly exceed the upper band. Substantial price pumps in December and again in March caused the bands to expand dramatically. 
• Additionally, the price exceeded the upper band before falling back below it by the end of the respective months. These movements were indicative of the asset being overbought, with subsequent price corrections aligning with market expectations for stabilization.
• In April, the price candles fell below the MA again. This indicated a shift to bearish conditions.