Avalanche Price Prediction: 2024, 2025, 2030

AVAX price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, $8 was observed to be the lowest support level.
• $60 was the highest price barrier for the asset.

2. Market sentiment

• As of September 2024, the AVAX market remains bearish.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of AVAX is forecasted to be $95 in 2032 and $111 in 2035.

Discover vital information on AVAX’s future trajectory via an extensive weekly chart, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

AVAX technical analysis: Is a prolonged downtrend approaching?

The 2024 Avalanche price prediction revealed a volatile journey with significant price movements observed between September 2023 and September 2024. The initial period saw AVAX undergoing a continuous downturn

Consecutive bearish candles drove it to its lowest support level of $8 in mid-September. However, in mid-October, a bullish rally emerged. This trend was not isolated to AVAX but was observed across many altcoins during this period. The rally propelled the price over $20 in mid-November.
 

December brought a significant price surge, flipping the $32 level in the buyers’ favor. Following this, the token surged past $37 by mid-month. This peak was not sustained as the market corrected due to the asset’s overvaluation. 

Consequently, the price returned to $32 by January, and the buying pressure started to build up again. The momentum continued after decisively flipping $37 in mid-February. A substantial pump in mid-March allowed the price to test the two-year high resistance at $60.
 

Nonetheless, the broader market crash reversed AVAX’s fortunes as it depreciated, returning to $32 by April. Until early June, the price remained range-bound between this level and $37. A bearish breakdown succeeded mid-month, pulling the price below $27. 
 

Aggravating the situation, the network activity declined during Q2 2024. Daily transactions on the blockchain saw a 30% year-over-year (YoY) drop in Q2. The number of new addresses on Avalanche also decreased compared to Q2 of the previous year. Additionally, Avalanche's non-fungible token (NFT) ecosystem experienced a 90% decline relative to Q2 2023.

The data suggested that the outlook for AVAX in Q3 was not particularly promising. However, AMBCrypto reported that traders who acquired AVAX in the past 30 days increased substantially mid-month, indicating a short-term bullish bias. Moreover, the daily chart revealed a descending triangle formation, suggesting an imminent breakout. 

Consequently, the price tested $32. Nevertheless, the rejection in late July flipped $27 to resistance, and AVAX plunged to $20 in August. A late-month test of the latter barrier triggered by Hong Kong’s approval of Avalanche trading faltered under the selling pressure. At the time of writing, it exchanged hands at $21.

How high/low can AVAX go in 2024?

AMBCrypto recently noted that whales and retail traders were offloading AVAX. This activity and the asset's Netflow to major exchanges painted a bearish outlook.

Despite this, certain technical patterns in the shorter time frame suggested a possible bullish reversal. If the support at $20 holds, it could trigger a rally, potentially driving the price to immediate resistance.

A breakout over $27 could extend the rally to $32. However, AVAX bulls must flip this level for a convincing reversal. A prolonged bull run over it can increase the likelihood of retesting the peak resistance. 

However, if the downtrend continues, sellers could extend their bearish momentum. In this case, the price could fall into the $17-$11 support range.

Notably, the predictive models seem modest about AVAX’s prospects. According to their predictions, the token's average price can be $95 in 2032 and increase to a triple-digit valuation of $111 in 2035. 

AVAX’s 2024 roadmap: Key indicators to watch and trade

• The trading volume recovered with the October rally. After that, it mimicked the price’s movements. Its lower values since late March indicated investor caution.
• The On-Balance Volume (OBV) rose exponentially from mid-September to mid-March before reversing. It was recorded at 465.46 million at press time, reflecting the resurfaced selling pressure.
• A look at the Directional Movement Index (DMI) indicator revealed that the ADX line remained the lowest until the latter half of 2023. Notably, by late October, the +DI line decisively took the dominant position while the -DI line declined. The latter moved below the ADX line by November.
• In January, the uptrend strengthened as the ADX crossed above the +DI line. However, falling prices led to a decline in the ADX and +DI by March, while the -DI rose, overtaking the +DI and ADX lines by early and mid-June, respectively.
• Additionally, by mid-August, the ADX line returned to its initial position. The latest indicator values were the ADX at 17.0320, +DI at 19.4698, and -DI at 22.3914. These values suggested a weak bearish trend in the market.