Join Our Telegram channel to stay up to date on breaking news coverage
The Avalanche price prediction is currently showing a slightly bullish trend as it moves closer to the 9-day and 21-day moving averages.
Avalanche Prediction Data:
- Avalanche price now – $36.69
- Avalanche market cap – $14.57 billion
- Avalanche circulating supply – 411.57 million
- Avalanche total supply – 449.91 million
- Avalanche Coinmarketcap ranking – #12
Avalanche (AVAX) exemplifies the rewards of early adoption in cryptocurrency, with its price skyrocketing by an incredible +1214.38% from its all-time low of $2.79 on December 31, 2020. Although currently trading between $34.64 and $36.74, it once reached an impressive all-time high of $146.22 on November 21, 2021, highlighting its potential in the market. AVAX’s performance underscores the opportunities within the crypto space for those who recognize promising projects early.
AVAX/USD Market
Key Levels:
Resistance levels: $50, $55, $60
Support levels: $22, $17, $12
Avalanche is currently trading within a key price range, hovering near the 21-day moving average, coming from a critical support zone around $34.49, as highlighted on the daily chart. The price movement is confined within an ascending channel, with the lower boundary acting as strong support and the upper boundary providing resistance near $60. This technical analysis suggests that the market is at a pivotal point, with a potential rebound indicating a bullish continuation or a breakdown signaling bearish momentum.
Avalanche Price Prediction: AVAX May Spike to the North
The AVAX/USD daily chart shows that the price is currently trading within a rising channel, which reflects a medium-term bullish trend. The 21-day MA is trending above the 9-day MA, indicating a potential for further upward movement, though the recent flattening of these moving averages suggests the bullish momentum may be slowing. The price is trading near the mid-level of the channel, with key supports around $22, $17, and $12.
However, for the bullish outlook to remain intact, the price needs to hold above the lower boundary of the channel, which aligns closely with the support level. Meanwhile, the trading volume appears relatively stable, which could signify indecision among market participants. If the price manages to close above the $38 level, where the 21-day MA is currently located, it could lead to further testing of the $50, $55, and $60 resistance levels. Conversely, if the price fails to maintain this position and breaks below the $36 level, the price could revisit the lower channel boundary near $30 or lower. Therefore, traders should watch for a breakout or breakdown from the channel, which could signal the next significant price direction.
AVAX/BTC Ranges within the Channel
The AVAX/BTC daily chart indicates a bearish trend. The market price is trading below both the 9-day MA (3747 SAT) and the 21-day MA (3934 SAT), signaling downward momentum. The price is approaching a critical support level at 2500 SAT, which aligns with the lower boundary of the horizontal range. If this support fails to hold, the market could experience further declines, possibly targeting levels below 2500 SAT. The decreasing volume further supports the bearish outlook, suggesting reduced buying interest at current levels.
On the upside, for the market to regain bullish traction, the price must break above the 9-day and 21-day MAs and sustain above 4000 SAT. This would open the door for a retest of the upper resistance level at 4500 SAT. However, unless significant buying volume emerges, the price is likely to continue consolidating or trending lower within the current range, with support at 2500 SAT remaining a critical level to monitor for any reversal signals.
Furthermore, @SantoXBT shared with his 41k followers on X that $AVAX is preparing for a breakout, with strong support near $35 and bullish momentum building. A move above the yellow trendline could propel prices toward $48 and beyond, signaling the potential for significant upward movement.
$AVAX is gearing up for a breakout! With strong support around $35 and momentum turning bullish, a move above the yellow trendline could push prices toward $48 and beyond.
Keep an eye on the breakout—big moves might be coming! 🚀 pic.twitter.com/oyAQ2XYyCG
— Santolita (@SantoXBT) January 20, 2025
Alternatives to Avalanche
The Avalanche (AVAX) price, as shown in the AVAX/USD daily chart, is trading within an ascending channel, reflecting a medium-term bullish trend despite recent consolidation. At the same time, Wall Street Pepe has introduced an innovative trading community modeled after the success of groups like WallStreetBets. This community aims to unite traders in making informed decisions and leveraging market trends. This community’s collective influence could impact Wall Street Pepe’s price and other cryptocurrencies discussed within the group.
Wall Street Pepe Rising Again On TRUMP Official Volume
Wall Street Pepe is revolutionizing the meme coin market, emerging as a record-breaking force with over $57 million raised in just five weeks. As a frontrunner in the cryptocurrency space, it promises substantial financial gains and grants investors exclusive access to a thriving trading community where strategies are shared, and opportunities abound. Don’t miss your chance to join this groundbreaking movement – invest in Wall Street Pepe today and be part of what could become the most successful meme coin in history.
Related News
- Avalanche Price Prediction: AVAX Surges 20% On Meme Coin Mania, But Can’t Match This Solana Star’s 34% Pump
- $TRUMP Coin Faces Correction While Wall Street Pepe Presale Hits $58 Million Milestone
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
