“AVAX Price Prediction: $50 Next Target for Avalanche?” – CoinAero

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The post Avalanche Price Prediction: Is $50 The Next Target For AVAX Price? appeared first on Coinpedia Fintech News

The AVAX price has made a strong bullish recovery after successfully retesting its important support level around the $30 mark. With this, the 12th largest altcoin hints at a positive price action this week.

Amid ongoing crypto market recovery, will Avalanche price record a new 52-week high during the upcoming time? Or will this altcoin experience a strong bearish reversal in its portfolio?

AVAX Coin Price Successfully Retests Its Important Support Trendline!

With a weekly gain of ~5%, the Avalanche price has maintained its value above the $30 mark. Moreover, it has added 25.69% to its valuation in the last 30 days. It is currently holding the 12th position with a market cap of $14.38 billion.

AVAX Coin Price Successfully Retests Its Important Support Trendline!

The Moving Average Convergence Divergence (MACD) displays a constant green histogram with a steady rise in the green histogram. This indicates a positive outlook for the altcoin in the crypto market.

On the other hand, the EMA 50/200-day records a Golden Cross in the 1D time frame. With increasing volatility, the AVAX token may continue gaining value in the upcoming time.

Will Avalanche Price Retest $50 This Q4?

Suppose, the market continues favoring the bulls, in that case, the AVAX coin price will head toward its resistance level of $39.30. Further, if the bullish sentiment intensifies, this could result in this altcoin retesting its upper resistance level of $48.45.

On the contrary, if the bears outrun the bulls, the Avalanche token will retest its support level of $31.50. Moreover, if the bears dominate the market, this could result in its retesting low of $24.30 this month.

To find out, if AVAX price will reach $1000? Read CoinPedia’s Avalanche Price Prediction and follow us to stay updated on the latest crypto news!

FAQs

How much will Avalanche be worth in 2025?

Considering the current market sentiment, the AVAX token may hit $160 in 2025.

Is AVAX a good buy right now?

This altcoin has gained ~26% in 30 days, making it a potential pick for a long-term portfolio.

Can Avalanche reach $1000?

For AVAX crypto to hit $1000, it will require a surge of 2,735.27%.



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