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Avalanche Price Prediction: Will AVAX Price Ever Regain a 3-Digit Figure?

Key Takeaways:

Avalanche  (AVAX) PRICE & Technical ANALYSIS 

Current Price $12.98
AVAX Price Prediction for Today $13.23
Volatility  17.54%
50-Day SMA $15.21
14 Day RSI 45.02
Sentiment Bearish
Fear and Greed Index 27 (Fear)
Green Days 12/30(40%)
200-Day SMA $19.92

Additional Read: Top Altcoins 2022

Avalanche  Technical Analysis for the Month

Source: Tradingview

Additional Read: Why is Terra LUNA Classic rising today?

Avalanche  Technical Analysis at a Glance

Avalanche price has been heavily impacted with the bearish market movements that prevailed throughout the year 2022, slashing from the levels close to $150 to as low as $11.5. However, the price continues to find new lows as the bottoms are yet to be reached. Once the bottom is in, the token is believed to undergo a massive upswing in 2023 and years to come later. Therefore, the AVAX price may certainly reclaim the levels around its highs and also form a new ATH very soon. 

Short Term(4hr) The November drop dried up all the volume and hence the AVAX price is believed to consolidate within a stagnant trend
Mid-Term(1D) The price is attempting very hard to rise above bearish captivity, but the bull does not appear to be strong enough to uplift the price
Long-Term(1W) The selling pressure has wanned and with an influx of huge bullish volume, the AVAX price may lay down a firm upswing

Will AVAX Price Reach $15 Today?

The AVAX price has largely remained incremental after the price marked interim lows at around $12. The price closed the previous day’s trade on a bullish note, which was further carried out to mark daily highs above $13.3. Since then, the AVAX price appears to have stuck and trading around $13.

The volatility appears to have dropped, while the volume is within decent levels. Therefore, in such a case, the AVAX price is believed to rise after undergoing a minor consolidation. Hence, by the day’s end, the price could be trading around $13.8 to $14.5.

Will AVAX Price Reach $22 by the End of the Month?

After a bullish opening for the month, the price is believed to maintain a notable upswing towards the next target. However, after recording a bullish opening for the month, the prices could maintain a firm upswing for the first few days. However, the token has faced rejection multiple times around $13.37, dragging the price lower close to $12.5 each time. 

Therefore, a break through these levels may validate a decent upswing thereafter. 

However, the technicals in the short time frame and longer-time frame are pretty bullish, mainly due to the absence of bearish influence. Therefore, could maintain the current consolidation and attempt to rise high to surpass $15 initially and later try to achieve levels close to $20 by the end of the monthly trade. 

Avalanche  Price Prediction: Price Trend Comparison with Ethereum (ETH)

Source: Tradingview

Read more: Ethereum Price Prediction

Avalanche  Price Prediction: 2022, 2023, 2024, 2025

Avalanche prices displayed a monstrous rally during the 2021 bull run and marked remarkable highs. However, the bear market that followed dragged the price close to a single-digit figure. Meanwhile, the bulls remain passive waiting for the right time to enter, when the bearish clouds could have faded notably. 

Once the bull run is triggered, the AVAX price is expected to maintain a steep upswing until it reaches a 3-digit figure. Hence, the bulls are expected to take over the rally in the next few years and maintain a notable upswing thereafter.

Year AVAX Price Forecast
2022 $19.5 to $22
2023 $43 to $58
2024 $70.5 to $103
2025 $99 to $112

Additional Read: AVAX Price Prediction 2025

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