Avalanche Gained 11.77% in Last Month and is Predicted to Reach $ 54.29 By Dec 26, 2024
Avalanche is predicted to increase 37.82% in the next 5 days and hit a price target of $54.29 per AVAX. Check out today's Avalanche price prediction to learn why.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Avalanche is up 6.68% today against the US Dollar
- AVAX/BTC increased by 3.71% today
- AVAX/ETH increased by 2.87% today
- Avalanche is currently trading 28.06% below our prediction on Dec 26, 2024
- Avalanche gained 11.77% in the last month and is down -11.99% since 1 year ago
| Avalanche price | $ 39.06 |
| Avalanche prediction | $ 54.29 (37.82%) |
| Sentiment | Bearish |
| Fear & Greed index | 73 (Greed) |
| Key support levels | $ 35.68, $ 31.52, $ 29.19 |
| Key resistance levels | $ 42.17, $ 44.50, $ 48.66 |
AVAX price is expected to rise by 37.82% in the next 5 days according to our Avalanche price prediction
Avalanche price today is trading at $ 39.06 after gaining 6.68% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.21% in the same time period. AVAX performed well against BTC today and recorded a 3.71% gain against the world’s largest cryptocurrency.
According to our Avalanche price prediction, AVAX is expected to reach a price of $ 54.29 by Dec 26, 2024. This would represent a 37.82% price increase for AVAX in the next 5 days.
AVAX Price Prediction Chart
What has been going on with Avalanche in the last 30 days
Avalanche has been displaying a positive trend recently, as the coin gained 11.77% in the last 30-days. The medium-term trend for Avalanche has been bullish, with AVAX increasing by 44.61% in the last 3 months. The long-term picture for Avalanche has been negative, as AVAX is currently displaying a -11.99% 1-year price change. On this day last year, AVAX was trading at $ 44.37.
Avalanche reached its all-time high price on Nov 21, 2021, when the price of AVAX peaked at $ 146.18. The current AVAX cycle high is $ 65.26, while the cycle low is at $ 8.69. AVAX has been displaying high volatility recently – the 1-month volatility of the coin is at 10.73. Avalanche recorded 16 green days in the last 30 days.
Avalanche technical analysis for today - Dec 21, 2024
The sentiment in the Avalanche markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 35.68, $ 31.52 and $ 29.19, while $ 42.17, $ 44.50 and $ 48.66 are the key resistance levels.
Bearish sentiment for Avalanche
13 indicators are currently signaling a bullish prediction for Avalanche, while 18 indicators are showing a bearish forecast. With 58% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Avalanche.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Avalanche moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Avalanche is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 45.76 (SELL) | $ 44.84 (SELL) | - | - |
| MA5 | $ 47.37 (SELL) | $ 46.34 (SELL) | - | - |
| MA10 | $ 48.25 (SELL) | $ 47.72 (SELL) | - | - |
| MA21 | $ 48.87 (SELL) | $ 46.97 (SELL) | $ 22.67 (BUY) | $ 34.29 (BUY) |
| MA50 | $ 39.62 (SELL) | $ 41.69 (SELL) | $ 16.42 (BUY) | $ 31.29 (BUY) |
| MA100 | $ 33.18 (BUY) | $ 36.41 (BUY) | -$ 15.45 (BUY) | $ 25.87 (BUY) |
| MA200 | $ 29.69 (BUY) | $ 33.20 (BUY) | $ 2.34 (BUY) | $ 5.98 (BUY) |
| Period | Value | Action |
| RSI (14) | 43.09 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 28.29 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 25.45 | SELL |
| Awesome Oscillator (5, 34) | -0.40 | SELL |
| Momentum (10) | -4.76 | NEUTRAL |
| MACD (12, 26) | -1.87 | NEUTRAL |
| Williams Percent Range (14) | -71.71 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 41.67 | NEUTRAL |
| VWMA (10) | 47.24 | SELL |
| Hull Moving Average (9) | 40.16 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 44.77 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Avalanche is at 43.09, suggesting that AVAX is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Avalanche over the last 50 days. Currently, Avalanche is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AVAX closing price for the last 200 days. AVAX is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Avalanche prediction
After considering the above factors, we can conclude that the current forecast for Avalanche price prediction is Bearish. AVAX would have to increase by 37.82% to hit our $ 54.29 target within the next five days. Moving forward, it will be important to monitor the AVAX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Avalanche price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
What's Your Reaction?
