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.
• $100 can be anticipated as the highest price barrier for the asset.

2. Market sentiment

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

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of AVAX is forecasted to exceed $1,000 in 2028 and increase close to $200,000 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: Can buyers halt further declines?

The 2024 Avalanche price prediction revealed a volatile journey with significant price movements observed between July 2023 and July 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 to test the $24 mark in mid-November.

December brought a significant price surge, flipping this and the $31 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 $31 by January. Subsequently, 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 $31 by April. Until early June, the price remained range-bound between this level and $37.  A bearish breakdown succeeded mid-month, driving the token to find support at $24. At the time of writing, AVAX exchanged hands at $25.

To make things worse, AMBCrypto reported a decline in AVAX's network activity 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 significant 90% decline relative to Q2 2023.

However, things appeared slightly more optimistic in the decentralized finance (DeFi) space, registering a 4% increase YoY. Moreover, the blockchain's development activity remained stable. Despite these mixed indicators, the data suggested that the outlook for AVAX in Q3 was not particularly promising.

Furthermore, a recent analysis by AMBCrypto found that a breach below the $24 support level could allow sellers to extend their bearish momentum. In this case, the price could fall into the $17-$19 support range.

Despite these challenges, AVAX has seen net buying activity from large investors, indicating positive sentiment among them. This could help the altcoin regain its bullish trajectory. For a convincing reversal, AVAX should retrace its steps over $37  

A prolonged bull run over this level can increase the likelihood of overcoming the peak resistance. If this happens, the asset can go as high as $70 in the medium term. 

A more optimistic outlook, backed by sustained buying pressure, suggests the following targets would be $80 and $100. Yet, these price points may also present significant resistance, possibly leading to a pullback. If the bulls manage to avoid that, an all-time high (ATH) is also within the realm of possibility.

Notably, the predictive models seem much more bullish on AVAX’s prospects. According to their predictions, the token can enter the $1,000 range within four years, with an average trading price exceeding this critical mark. Moving forward, the average price can increase 200x, going as high as $200,000 in 2035. This underscores continued confidence in AVAX's long-term potential.

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

• The trading volume recovered with the October rally after being lackluster. 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 457.665 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. Between mid and late July and early October, the +DI line moved over the -DI line. 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, by March, falling prices led to a decline in the ADX and +DI, while the -DI rose, overtaking the +DI and ADX lines by early and mid-June, respectively.
• The latest indicator values were the ADX at 22.0293, +DI at 16.0450, and -DI at 23.6150. These values suggested a moderate trending market, with a stronger presence of sellers, leading to bearish conditions.