With popular and established coins like Bitcoin facing a downturn, the crypto industry is witnessing an upswing, with Altcoins like Avalanche leading the rally. With an 11% surge on Monday, the coin has crossed $21.62, technical indicators and experts suggest that the positive trend is likely to continue for the coming weeks as well.
Avalanche Current Market
Currently priced at $21.78, the Avalanche token holds a market capitalization of $9.03 billion. With a 24-hour trade volume of $361.04 million, Avalanche signals an increased buy. Crossing $20 on Monday, the token has contributed an 18.12% weekly rally, regaining some of its earlier month losses. The AVAX price movements highlight the coin’s breakout from last November’s pattern.
Breaking the $20 barrier earlier this week, AVAX is poised to maintain a higher level in the coming weeks, with the next resistance level set at $24.99. Covering the following resistance level of $30, the coin is likely to attain its near-time price target of $35.
AVAX Preparing For A Massive Breakout?
The strong technical indicators signal the breakout of the Avalanche. The token’s recent price surges have broken the past resistance levels, indicating a bullish move. Regaining lost momentum, the entire crypto market is in a recovery stage, and AVAX is one among them showing greater growth potential.
The breakout is not for the short term, if the expected rally continues the price surge could carry over the long term with a target price of $126.03, a 450% gain from its current market levels.
What Contributes To The Breakout?
- Increased Adoption: Avalanche price movements are supported by the increased adoption of the Avalanche blockchain. Offering high-speed and low-cost transactions, Avalanche improves scalability and eliminates congestion, driving more users to the ecosystem. In addition, the Avalanche 9000 upgrade, which will cut the subnet cost by 99.9% also raised the number of users in the platform.
- Institutional Attention: AVAX is expanding its ecosystem with a $250 million backing. According to reports by Arkham Intelligence, an on-chain data platform, the crypto firm linked to the American President Donald Trump, World Liberty Finacial (WLFi) has shown interest in investing in AVAX.
- DeFi Ecosystem: Avalanche’s DeFi and NFT sectors are evolving continuously, with major and attractive features coming on the line, investors are rushing over the platform, increasing the demand for AVAX tokens.
- Market Resilience: AVAX is not a project that has shown continuous growth momentum, though it has crossed the $100 milestone, the coin has faced losses recently. Rebounding from the losses, the AVAX highlights its strong support and potential for future growth, attracting more investors.
Will Avalanche (AVAX) Regain $25?
With the increased institutional investments and new upgrades, the platform is poised to see a price surge. The Avalanche 9000 upgrade, launched in December 2024, offers users an improved experience that contributes to its sustained value. The narrow wedge formation of the AVAX, which began developing in November 2023 rebounded at $15.38, highlighting the potential for gains in the coming months.
The existing bullish trend and long-term price prediction anticipate AVAX could soar to $240 and in the short term, the whale accumulation will ignite the coin to reach $25, regaining its lost momentum.
AVAX Price Prediction
| Year | Min Price | Avg Price | Max Price |
|---|---|---|---|
| 2025 | $ 15.43 | $ 26.32 | $ 62.48 |
| 2026 | $ 15.88 | $ 27.13 | $ 27.13 |
| 2027 | $ 15.13 | $ 17.96 | $ 29.66 |
| 2028 | $ 19.18 | $ 24.68 | $ 34.21 |
| 2029 | $ 7.41 | $ 33.44 | $ 103.29 |
| 2030 | $ 8.31 | $ 30.84 | $ 84.17 |
Bottom Line
The technical indicators and fundamental analysis signal a breakout for the AVAX token. Along with the market cap, the TVL of the coin has also seen an increase, indicating an increased investor confidence. With improved features and institutional investments, the coin positions itself to become the major crypto to look upon in the coming years. However, crypto markets are subject to volatility risks, and it is important to do your own research before investing in AVAX.