Avalanche Price Prediction 2024-2030: Time to Buy AVAX?
0
0
Key Takeaways
- The Avalanche ecosystem has been making strides in terms of development.
- AVAX’s volatility, based on 30-day variations, is high this year.
- For 2030, the forecast for AVAX is a minimum of $395.65 and a potential high of $482.83.
Avalanche Core has lately been a buzz around the Avalanche community. Core is AVAX’s native wallet. Updates in the last month include live updates on profits and losses, a meme-coin campaign that airdropped $25,000 worth of tokens, new technical docs for developers, and it became the official AVAX staking tool. Such news continues to drive value into AVAX.
While the Avalanche ecosystem has been making strides, AVAX has particularly been highly volatile, leaving investors questioning its future trajectory. Will AVAX go up? Is AVAX a good investment? Let’s explore AVAX’s price prediction from 2024 to 2030.
Overview
Cryptocurrency | Avalanche |
Abbreviation | AVAX |
Price | $34.62 |
Market Cap | $13,182,481,370 |
Trading Volume | $325,453,935 |
Circulating Supply | 380,795,148 |
All-time High | $146.22, on November 21, 2021 |
All-time Low | $2.79, on December 31, 2020 |
24 Hour High | $34.62 |
24-Hour Low | $33.70 |
Avalanche Price Prediction: Technical Analysis
Metric | Value |
50-Day SMA | $43.53 |
14-Day RSI | 41.32 |
Sentiment | Bearish |
Fear & Greed Index | 55 (Greed) |
Green Days | 12/ 30 (40%) |
200-Day SMA | $34.04 |
Avalanche Price Analysis: AVAX volatility slows
TL; DR Breakdown
- AVAX’s volatility, based on 30-day variations, is high this year.
- Upside momentum is slowing as it seeks support at $29.51.
- At current levels, it will remain range-bound in the short term.
AVAX Price Analysis 1-day Chart: AVAX seeks support at $27
AVAX’s volatility, based on 30-day variations, is high this year. The first quarter ranged between $27.24 and $43.60, a 60% price difference. This quarter, it broke above the uppermost Fibonacci percentile, reaching $65.39. In preceding months, it lost most of its earlier gains.
According to Fibonacci, the AVAX resistance level is at $41.52. Upside momentum is slowing as it seeks support at $29.51.
AVAX/ USD 4-Hour Price Chart: AVAX loses momentum
The 4-hour chart highlights AVAX’s downtrend. The RSI is neutral, with the negative momentum slowing. At current levels, it will remain range-bound in the short term.
Avalanche Technical Indicators: Levels and Action
Daily Simple Moving Average (SMA)
Period | Value ($) | Action |
SMA 3 | 37.27 | SELL |
SMA 5 | 36.50 | SELL |
SMA 10 | 35.06 | SELL |
SMA 21 | 35.64 | SELL |
SMA 50 | 43.53 | SELL |
SMA 100 | 42.42 | SELL |
SMA 200 | 35.04 | SELL |
Daily Exponential Moving Average (EMA)
Period | Value ($) | Action |
EMA 3 | 36.86 | SELL |
EMA 5 | 36.44 | SELL |
EMA 10 | 35.95 | SELL |
EMA 21 | 36.90 | SELL |
EMA 50 | 40.08 | SELL |
EMA 100 | 40.10 | SELL |
EMA 200 | 35.46 | SELL |
What to expect from AVAX price analysis next?
Our technical analysis shows the current sentiment is Bearish, while the Fear & Greed Index shows 55 (Greed). Based on the analysis, AVAX will remain range-bound in the short term; however, a breakout will send AVAX lower to $27 support.
Recent News/ Updates
- Imagine writing smart contracts in your native language. According to Emin Gün Sirer, founder of Ava Labs, AI will transform how we code, a reality he envisions in 5 to 10 years. That was the future, suggested by Sirer at the April 26 Blockchain event at Cornell Tech.
- In other news, Ava Labs was named by Forbes as one of America’s best startup employers.
Avalanche Price Prediction May 2024
Avalanche prices could break out lower from current levels. A break below 30 RSI will necessitate a steep reversal. This month, AVAX will trade between $27.24 and $40.52. With an average of $35.40.
Month | Potential Low ($) | Potential Average ($) | Potential High ($) |
May | 27.24 | 35.40 | 40.52 |
Avalanche Price Prediction 2024
As the second half of 2024 unfolds, AVAX’s development track continues to provide more value to its users. AVAX is bearish; however, we anticipate trading between $27.24 and $50.50 over the second half of 2024.
Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
2024 | $27.24 | $45.45 | $50.50 |
Avalanche Price Prediction 2025-2030
Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
2025 | $63.13 | $65.40 | $76.37 |
2026 | $91.75 | $95.02 | $110.29 |
2027 | $135.62 | $139.42 | $157.81 |
2028 | $195.05 | $200.63 | $229.65 |
2029 | $286.33 | $294.35 | $339.52 |
2030 | $395.65 | $407.42 | $482.83 |
Avalanche Price Prediction 2025
Ava Labs is committed to providing more developer tools and libraries to support the blockchain. Such developments will boost developer counts, leading to more buying of AVAX, which settles transaction fees on the chain.
In 2025, Avalanche will trade between $63.13 and $76.37. Its average price for the year will be $65.40.
Avalanche Price Prediction 2026
Avalanche price forecast will continue to witness steady growth after 2025. We might see a maximum price of $110.29, with a minimum price of $91.75 and average price of $95.02.
Avalanche Price Prediction 2027
Based on the detailed technical analysis of past Avalanche price data, it is projected that 2027 AVAX could see a minimum price of $135.62. The potential maximum price is estimated at $157.81 and the expected average trading price is $139.42.
Avalanche Price Prediction 2028
By 2028, Avalanche’s price is expected to reach a low of $195.05 possibly. Maximum price projections are as high as $229.65, averaging about $200.63 for the year.
Avalanche Price Prediction 2029
Projections for 2029 suggest that Avalanche could be valued at a minimum of $286.33. The price may peak at as much as $339.52, with an average throughout the year expected to be around $294.35.
Avalanche AVAX Price Prediction 2030
For the year 2030, the forecast suggests that the price of AVAX starts at a minimum of $395.65 and rises to a maximum of $482.83. The average price is anticipated to stabilize at about $407.42.
Avalanche Market Price Predictions: Analysts’ AVAX Price Forecast
Firm Name | 2024 | 2025 |
Gov.Capital | $17.906 | $50.987 |
DigitalCoinPrice | $72.63 | $84.80 |
CryptoPredictions | $57.524 | $49.474 |
- CoinCodex predicts Avalanche’s price will reach a high of $5.87 and a low of $1.237 by 2025.
- On YouTube, Clinix Crypto forecasts AVAX will pull back, drop in the short term, and then turn bullish with the next target at $40.
Cryptopolitan’s Avalanche (AVAX) Price Prediction
The moving averages are bearish on AVAX, and the current analysis indicates negative momentum. At current levels, the coin has little momentum to make a substantial break from current levels. Over the long term, the minimum and maximum prices will break above current levels to register new record highs. In 2027, it will trade between $135.62 and $157.81. By 2030, it will have broken above the $400 mark.
Avalanche Historic Price Sentiment
- Avalanche issued its native token, Avax, in September 2020. On Dec 31, 2020, the coin fell to an all-time low at $2.7888.
- In September 2021, the Ava Labs Foundation received a $230 million investment from a Polychain and Three Arrows Capital group by purchasing the AVAX cryptocurrency.
- In November 2021, following an agreement with Deloitte to improve U.S. disaster relief funding, the Avalanche blockchain moved into the top 10 cryptocurrencies in capitalization. At that time, AVAX achieved its All-Time High at $146.22.
- In August 2022, whistleblower “Crypto Leaks” published a report accusing Ava Labs of secret deals with a law firm aimed at legally destabilizing Avalanche’s competitors. Ava Labs CEO Emin Gün Sirer denies any dirty deal with Roche Freedmen law firm.
- In 2023, AVAX maintained a bullish trend between January and May, after which bears overwhelmed the market. It resumed the positive momentum in October, rising to $49.96.
- In 2024, it crossed the $60 mark and later reversed, falling below $40 in April.
0
0