BTC$23 363.14


ETH$1 868.52




USD Coin


Binance Coin




Aave (LEND) Went Higher Than a SpaceX Shuttle

July 2020

Aave (LEND) has been a subtle superstar of the cryptocurrency market that made an absolutely astonishing breakout to the upside that amounted to 5870% in just a year and brought the price very close to the all-time high at $0.44 that was registered in January 2018. Therefore, LEND has become virtually the first altcoin that managed to perform a fully-fledged uptrend that is almost identical, in terms of its extent and explosiveness, to the one during the crypto boom of 2017/2018. 

LEND all-time chart

Such mind-boggling growth was caused, in no small way, by the eruption of the popularity of decentralized finance (DeFi), in which Aave acts as a provider of decentralized lending pools, as well as the generally positive development of the project's blockchain ecosystem. To wrap up the praising of LEND as an incredible yield-bearer, here is a comprehensive table of Aave's gains/losses in different time periods

LEND gains/losses profile

However, such an incredible performance also presents an issue for traders who took the position (presumably, a long one) right when the price had been reaching the peak of the rally, or who were reluctant to enter the market and are now presented with a problem of picking the bottom of the retracement that could turn into a full-blown correction.

A new all-time high of a steep correction?

It is clear that after such a monstrous rally, the LEND/USDT market got overextended and overheated, a situation that demanded a considerable correction. That is precisely what happened when LEND found itself rejected by the bears at $0.35, a point at which traders should have closed their long positions.

1-day LEND/USDT chart

The first sign of the trend reversal came in the form of the dark cloud candlestick pattern, although the bearish candle there opened only slightly above the preceding bullish one. In any case, the sellers managed to disrupt the upside flight and force the price beneath $0.3 - the current price of LEND stands at $0.28. We see that the bears are applying increased pressure as each consecutive candle opens below the previous one on the back of the falling trading volume, which is also a textbook signal of an unfolding retracement.

The key indicators, however, show that the depth of the retracement could be limited to 15% - 20% due to the fact that both RSI and Stochastic are about to test the corresponding resistance levels.

We reckon that the price action of Aave will see a deeper correction, most likely to the support level at $0.2, which is another 29% to the downside, upon which the buyers might initiate another rally that would end at a new ATH. 

Author: Alex Paulson for


Aave (LEND) Remains the Top Gainer on the Market
Aave (LEND) Remains the Top Gainer on the Market
Aave (LEND): Coronavirus Couldn’t Disrupt the Uptrend
Aave (LEND): Coronavirus Couldn’t Disrupt the Uptrend

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.2% 11 $23 363.14 -0.03% -2.65% $446 823 684 066 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 54 $1 868.52 1.92% -0.51% $227 993 947 896 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.999977 -0.01% -0.04% $67 547 880 122 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999951 0.01% 0.01% $52 853 692 355 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 61 $303.33 -1.00% -6.38% $48 938 685 508 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 89.2% 10 $0.378717 0.24% -0.28% $18 700 123 577 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.999950 0.02% 0.01% $18 538 747 093 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 84.8% 27 $0.528389 -1.39% -0.64% $17 930 371 507 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 80.8% 32 $40.86 0.98% -4.45% $14 252 057 103 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 29 $0.077619 -3.50% 9.27% $10 297 802 123 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 70.4% 62 $0.055681 -5.02% -9.31% $9 655 716 850 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 75.2% 51 $8.39 -0.08% -8.83% $9 297 483 290 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.4% 44 $0.000014 -4.14% 15.33% $7 806 235 316 SHIB 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 82% 24 $0.893855 1.02% -2.98% $7 188 492 292 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.