Avalanche Price Prediction – Will AVAX Price Hit $200 Soon?

This Avalanche (AVAX) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Avalanche (AVAX) price analysis and prediction.

Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market either remains stable or surges steadily. At present, it looks like the crypto-asset industry will surge high again.

Will Avalanche (AVAX) experience the same price volatility? We’ll find out soon in this Avalanche (AVAX) price analysis 2022 article. But first, let’s have a look at what Avalanche (AVAX) is.

What Is Avalanche (AVAX)?

Avalanche is the quickest smart contracts crypto platform in the blockchain industry. The platform has the most validators that secure its activity of any proof-of-stake protocol. Moreover, Avalanche is a blazingly fast, low-cost, and green platform. More so, any smart contract-based application could outperform its competition on Avalanche.

On September 21, 2021, Avalanche launched its mainnet. Since then, the platform has been developed to secure more than 200 individual projects, over $14 million AVAX burned, more than 1,000 individual block-offering validators, and more than 600 community members over the globe.

Now that we have an idea about Avalanche, do you think AVAX will be profitable crypto in 2022? Join me, and together let us check the charts in this AVAX price analysis and AVAX price prediction.

Avalanche (AVAX) Current Market Status

When writing this Avalanche price analysis, AVAX trades at $87.38 with a 24-hour trading volume of $1,936,967,469. The price of AVAX has decreased by 3.82% in the last 24 hours.

Furthermore, AVAX has a current circulating supply of 220,286,577.21 AVAX. Currently, the top digital asset trading platforms for AVAX are Binance, OKEx, Huobi Global, CoinTiger, Kraken, Gate.io, Bitfinex, Kucoin, and others.

Now, let’s move to the next part of this AVAX technical analysis for 2022.

Avalanche (AVAX) Price Analysis

Recently, AVAX took the 10th position on CoinMarketCap. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this AVAX price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Alalanche (AVAX), it could be seen that the present uptrend could continue since the last candlestick is not touching the bottom curve in the Keltner Channel chart above. This shows that the present increase in the price of AVAX might be sustained for some days before any reversal would be expected.

The Relative Strength Index (RSI) is 59.58, which means that Alalanche (AVAX) is showing a strong trend since it is between 50 and 70. The curve is upwards which shows that the present bullish run of AVAX could continue for some time.

From the 200 days and 100 days moving averages for Avalanche (AVAX), it could be seen that AVAX would soon go bearish in the long term since the 200-day moving average is below the 100-day moving averages. Hence, long-term investors should be ready to either trade AVAX or keep it for a longer duration.

Avalanche (AVAX) Price Prediction

The chart below shows that AVAX has performed great over the past few days, having gained 27.7% in the last 14 days. Moreover, the AVAX price shows a bullish trend. If this trend continues, AVAX might run along with the bulls, overtaking its $96.58 resistance1 level and move even higher to $146.60 a bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and push AVAX from its uptrend position. In simpler terms, the price of AVAX might decrease to almost $9.44 at support4 level, a bearish signal.

Meanwhile, our long-term AVAX price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Avalanche (AVAX) Price Prediction 2022

If this bullish trend continues, AVAX will reach $126.72 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $96.58. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $200 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Avalanche (AVAX) Price Prediction 2023

If AVAX holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $400, making it not plummet but play consistently.

Avalanche (AVAX) Price Prediction 2024

As per the latest upgrades, developments, AVAX price prediction, and new project forecasts of the platform, AVAX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of AVAX in the crypto market, and it will be the best investment as the price can spike and reach around $600.

Avalanche (AVAX) Price Prediction 2025

As per the latest upgrades, developments, AVAX price prediction, and new project forecasts of the platform, AVAX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of AVAX in the crypto market, and it will be the best investment as the price can spike and reach around $600.

Avalanche (AVAX) Price Prediction 2026

If the Relative Strength Index (RSI) of Alalanche (AVAX) is above 60 by the end of 2025, then AVAX would reach $1400 by the end of 2026.

Conclusion

AVAX seems to have a great future ahead in 2022. With the ongoing developments happening within the AVAX ecosystem and the overall crypto market, we may see AVAX reach new heights.

Meanwhile, an inverse head-and-necks is about to be formed, this could push down the price of AVAX to around $80.67. Any bullish reversal towards that price, would surge the price of AVAX to around $126.72.

Meanwhile, our long-term AVAX price prediction 2022 is bullish. Even more, the bullish AVAX has a high possibility of reaching $146.60. However, that will only happen if it breaks the past psychological resistance. It may even reach $200 if investors continue to side with AVAX this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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