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CATEGORY: avax price


AVAX price rallies after Avalanche development incentive and mainnet upgrade announcement

Author: Cointelegraph by Nancy Lubale
United States
Sep 27, 2024 12:00

AVAX price rallies after Avalanche development incentive and mainnet upgrade announcement

A $40 million developer incentive and upcoming mainnet upgrade translated to price upside for AVAX.

Avalanche (AVAX) Could Rise 50% If It Breaks $28 Resistance  Crypto Analyst

Author: Sebastian Villafuerte
United Kingdom
Sep 23, 2024 12:05

Avalanche (AVAX) Could Rise 50% If It Breaks $28 Resistance Crypto Analyst

Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserves announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? Many market participants are optimistic, projecting that a break above this resistance could pave the way for an aggressive rise in AVAXs price. This would likely push AVAX into a new uptrend, potentially leading to fresh highs and even a 50% surge for the token. However, if Avalanche fails to break through this level, it risks a pullback that could see prices retest previous support levels. Analysts are highlighting this moment as crucial for determining AVAXs market direction, as broader crypto sentiment has turned more bullish following the Federal Reserve’s recent decision. With increasing trading volume and investor interest, the next few days will be key in establishing whether Avalanche can sustain its momentum or face a short-term correction. Avalanche Testing Key Supply Levels Avalanche has been one of the top-performing altcoins in recent days, showing impressive strength amid a broader market surge. This recent momentum could be just the beginning of a more significant move for AVAX, as analysts and investors are projecting even larger gains if the token continues to break through key supply levels. One of the most respected figures in the crypto space, Carl Runefelt, shared a bullish technical analysis of Avalanche on X, stating that AVAX has broken out of a falling wedge pattern, a classic indicator of bullish price action. According to his analysis, AVAX successfully retested the wedge and is now targeting medium-term price levels. Runefelts price targets for AVAX are $28, $33, $41.30, and $54, each representing crucial supply zones that the token needs to surpass to continue its upward trajectory. If AVAX hits $41.30, it will reflect a 50% surge from its current price, marking significant progress. Related Reading: Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? Currently, Avalanche has formed a new high, confirming its strength. While the price may consolidate before making its next move, many investors believe that this consolidation could be a stepping stone toward a larger surge. With broader market sentiment turning positive after the recent Federal Reserve interest rate cut, AVAX is well-positioned to continue climbing, especially as more investors look to capitalize on its strong technical setup. If AVAX can maintain this momentum, it could potentially lead to significant gains in the medium term. Price Levels To Watch  AVAX is currently trading at $27.39 after testing the daily 200 exponential moving average (EMA) at $28.66. The token has experienced an impressive 40% surge since early September, pushing it closer to crucial supply levels that will likely shape the price action in the coming weeks.  For bulls to maintain momentum and extend the rally, AVAX needs to break through the $28 resistance and reclaim the 1D 200 EMA as support. Doing so would signal a more sustained uptrend and position AVAX for further gains. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed However, if the price struggles to hold above the $25 mark, a deeper correction could follow, bringing short-term bearish pressure. Despite this risk, there remains a possibility for AVAX to consolidate between $25 and $28, giving the token room to gather strength for a more significant surge in the near future. Investors are closely watching these levels as the market seeks direction. Featured image from Dall-E, chart from TradingView

Avalanche (AVAX) Price Plunges 47% Amid Market Turmoil, Eyes Rebound

Author: Kashif Saleem
Estonia
Aug 10, 2024 02:30

Avalanche (AVAX) Price Plunges 47% Amid Market Turmoil, Eyes Rebound

Th rcnt turmoil in th crypto mrkt hs cusd significnt disruptions, rsulting in rpid liquidtions nd widsprd dmg.  Avlnch (AVAX), mjor plyr mong ltcoins, hs bn significntly impctd. With th pprovl of Ethrum ETFs, invstor focus hs shiftd wy from Lyr-1 Proof of Stk (PoS) ssts lik AVAX, diminishing its ppl. This shift, combind […]

AVAX Plummets 15% in Week, Hits $24.69 as Analysts Warn of 60% Decline Ahead

Author: Kashif Saleem
Estonia
Jun 25, 2024 02:30

AVAX Plummets 15% in Week, Hits $24.69 as Analysts Warn of 60% Decline Ahead

Avalanches native­ cryptocurrency, AVAX, has encountere­d a significant downturn, with its price plummeting by 15% in the past we­ek alone. The late­st 24-hour period saw an additional 4.54% correction, dropping the price­ to $24.69. This recent decline­ has dragged the market cap to $9.7 billion. Ove­r the past month, AVAX has corrected by a stagge­ring […]

Jun 14, 2024 02:30

Avalanche (AVAX) Showing Signs of Recovery: Analyst Set Targets at $34 to $64 Range

Avalanche (AVAX) shows remarkable resilience by maintaining support levels and gearing up for a potential upward surge. Despite a significant 12% decline over the past week, largely in line with prevailing bearish market sentiment. Avalanche remains a focal point of optimism among analysts; they foresee a substantial uptrend in AVAX’s price trajectory. Amidst a broader […]

May 22, 2024 02:30

Avalanche (AVAX) Surges 14%: Analyst Points Towards Potential Upswing

Cryptocurrency analyst Jonathan Carter has brought attention to recent movements in Avalanche (AVAX), indicating a possible upswing for the digital asset. AVAX has retraced toward an ascending support range between $30 and $31, signaling the initiation of a consolidation phase and suggesting stability in its price action. Carte­r’s analysis highlights that Avalanche (AVAX) is testing […]

Apr 04, 2025 12:05

Avalanche To Soar 1,200% And Outperform Bitcoin By 2029: Standard Chartered

Global banking giant Standard Chartered published new five-year price projections for three leading cryptocurrencies: Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH). According to these forecasts, Avalanche is poised to gain significant ground on both Bitcoin and Ethereum by 2029. Ryan Rasmussen, Head of Research at Bitwise, drew attention to these ambitious targets via X. Global banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche, Rasmussen wrote, pointing to a chart that outlined the banks estimates. Standard Chartered expects Avalanche (AVAX) to reach $55 by the end of 2025, $100 by 2026, $150 by 2027, $200 by 2028, and ultimately $250 by the end of 2029. This projected growth represents a more than 1,200% increase from its current trading level of around $20. Meanwhile, Bitcoin (BTC) updated its forecast and now projects BTC to appreciate from $200,000 in 2025 to $300,000 in 2026, followed by $400,000 in 2027, and finally hitting $500,000 in 2028a level it is expected to maintain through 2029. For Ethereum (ETH), Standard Chartered projects the token to hit $4,000 in 2025, $5,000 in 2026, $6,000 in 2027, and $7,500 by 2028, with no change anticipated in 2029. The forecast indicates steady but less dramatic growth relative to Avalanche. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally Details In terms of comparative valuation, the bank provided ratio metrics to show how AVAX might perform against BTC and ETH. The BTC-to-AVAX ratio, which measures how many AVAX tokens equal one BTC, is expected to drop from 3,636 in 2025 to 2,000 in 2029. This decreasing trend implies that AVAX will appreciate faster than Bitcoin over the period. Similarly, the ETH-to-AVAX ratio is projected to decline from 73 to 30 during the same timeframe, pointing to a similar outperformance against Ethereum. Standard Chartereds Bullish Case For Avalanche Standard Chartered has initiated coverage of Avalanche, stating it expects AVAX to rise from its current price of roughly $20 to $250 by the end of 2029. One positive of the tariff noise is that it gives us a chance to re-set and pick winners for the next upswing in digital asset prices, said Geoffrey Kendrick, the banks global head of digital assets research, in an email to The Block on Wednesday, referencing his latest report. And I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] chains. Related Reading: Avalanche (AVAX) OverextendedIs A Market Shakeup Imminent? Kendrick emphasized that Avalanches approach to scalingparticularly after its Etna upgrade, also known as Avalanche9000positions the network for long-term success. Activated in December 2024, the Etna upgrade dramatically reduced the cost of launching subnets (which Avalanche now calls Layer 1 blockchains), slashing setup expenses from up to $450,000 to nearly zero. Kendrick noted that these changes appear to be attracting new developer activity: A quarter of Avalanches active subnets are now Etna-compatible, and developer numbers have jumped 40% since the upgrade. He also mentioned that some developers are migrating from Ethereum Layer 2 solutions to Avalanche due to its compatibility with Ethereum code and the lower overhead for launching new subnets or L1 chains. While fees on Avalanche can still run higher than certain Ethereum L2s like Arbitrum, Kendrick believes attracting completely new applicationsespecially in fields such as gaming and consumer-focused toolswill be critical to Avalanches growth. As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years, Kendrick remarked, while noting Avalanches higher volatility levels compared to BTC. At press time, BTC traded at $83,334. Featured image created with DALL.E, chart from TradingView.com

Apr 27, 2025 02:30

AVAX Consolidates Near $22 as Breakout Toward $23 Looms

Avalanche (AVAX) is regaining bullish momentum after weeks of extreme volatility, rising alongside a broader crypto market recovery. Trading near $21.82, Avalanche shows signs of building strength, with traders now eyeing a breakout move toward $23. AVAX Gains Strength Amid Market Recovery Following a rocky period driven by macroeconomic stress, AVAX is finding renewed momentum. […]

Apr 17, 2025 02:30

Is Avalanche (AVAX) about to Bounce? RSI Nears Oversold as Price Hits $18.78

AVAX is currently trading at $18.78, down by 6.01% in the past 24 hours. The trading volume has also declined by 14.96%, settling at $250.58 million. The short-term dip notwithstanding, the cryptocurrency has registered a 15.46% seven-day rise, testifying to growing prominence in overall market action. Technical analysts offer contradicting indications. According to the analyst, […]

Avalanche (AVAX) Breaks Out of Falling Wedge: Could $31.69 Be Next?

Author: Arslan Tabish
Estonia
Apr 15, 2025 02:30

Avalanche (AVAX) Breaks Out of Falling Wedge: Could $31.69 Be Next?

Avalanche (AVAX) is up by 30% after rebounding from a significant support level. The price is currently at $20.20, way beyond many of its lows in the recent past, though it has trended downwards in a long-term analysis. Rose Premium Signals drew attention to the fact that AVAX was in the process of emerging from […]

Apr 14, 2025 02:30

Avalanche (AVAX) Surges Amid ETF Filing: Is a $30 Target Next?

Avalanche (AVAX) is on a bullish trend after a long time of volatility. AVAX is experiencing a surge in its price with the overall market due to the recent surge in BTC price. Recently, the whole market has moved from bearish to bullish. AVAX is among the coins that enjoy this trend reversal. AVAX saw […]

Jun 26, 2023 02:10

Avalanche (AVAX) Rumbles With 18% Gain – Is A Trend Reversal On The Horizon?

Avalanche (AVAX) recently experienced a breakout, successfully overcoming a major obstacle at $13. This particular hurdle had proven to be a significant challenge for AVAX bulls in the preceding weeks, hampering their upward momentum. The surge in AVAX’s performance can be attributed to multiple factors, one of which is the increasing demand for the wrapped [...]

The post Avalanche (AVAX) Rumbles With 18% Gain – Is A Trend Reversal On The Horizon? appeared first on Crypto Breaking News.

Will AVAX Price Get A Lift From Avalanche NFTs? Let’s Examine The Metrics

Author: Christian Encila
United Kingdom
Apr 25, 2023 04:55

Will AVAX Price Get A Lift From Avalanche NFTs? Let’s Examine The Metrics

AVAX, the native token of Avalanche blockchain, has been making headlines lately as the Avalanche NFT transfers soared to record figures in the month of April alone.  As the blockchain world continues to expand, the surge in NFT transfers on the Avalanche network raises a burning question – Will this help AVAX price go up? Let’s explore the possibilities. Related Reading: Total Ethereum (ETH) Locked Hits New Highs On Increase In Deposits Over Withdrawals AVAX NFT Collections, dApps Gain Traction On Avalanche Network The AVAX token is set to benefit from the latest surge in NFT transfers on the Avalanche network, which has seen over 2 million NFT transfers in April alone, five times greater than March.  This trend can be attributed to the blockchain’s fast and low-cost transactions and scalable platform, which has made it a preferred choice for NFT creators and collectors. $AVAX NFTs are smashing records! In April alone, the @avax network recorded over 2 million transfers — 5 times more than the previous month of March! pic.twitter.com/3z59MkGUc3 — Emperor Osmo?? (@Flowslikeosmo) April 23, 2023 The surge in Avalanche NFTs can also be traced to the popularity of blue-chip AVAX NFT collections such as Chikn and Doggerinos, which have experienced significant volume spikes in recent months, according to AVAX NFT Stats. The growing interest in the Avalanche network has also translated into a rise in activity on dApps such as Trader Joe, a leading DEX on the network. As a result, the Avalanche network has seen a substantial increase in transaction volume and quantity, suggesting that AVAX is poised to gain further traction in the blockchain and crypto space.  In the past month, Trader Joe has seen a 184% surge in the number of unique active wallets on its platform, reflecting the increasing demand for decentralized trading on the network. The future appears promising for the AVAX token, as more users explore the platform’s potential for NFTs and dApps. So-So Performance By AVAX The AVAX token’s performance has been somewhat lackluster in recent days. Over the past week, the price of AVAX has experienced a substantial decline of 20.65% according to CoinMarketCap. Despite this, it has managed to gain 1.17% over the past 24 hours and is currently trading at $16.97. Source: CoinMarketCap The mixed results on the Avalanche network suggest that while there is growing interest in NFTs and dApps, there are still challenges to overcome. The decline in active addresses may be a reflection of users exploring other platforms or simply taking a break from trading on the network. Related Reading: Floki Inu Joins Binance.US And Surges By 50% As Investors Pile In AVAX Network Sees Mixed Results Despite NFT And dApp Activity Meanwhile, the Avalanche network has witnessed a surge in NFT transfers and increased activity on its dApps, the overall number of daily active addresses on the network has declined in recent weeks.  According to data provided by Artemis, and reported by AMBCrypto, the number of active addresses on AVAX fell from 79,740 to 75,000 in the last 30 days, resulting in a decrease in the number of transactions being made on the network. Source: Artemis AVAX total market cap currently at $5.5 billion on the daily chart at TradingView.com -Featured image from BuyNFT.com

Jun 22, 2023 02:10

AVAX Breaches $13 Barrier With 16% Rally – What’s The Next Price Level To Watch?

Avalanche’s native cryptocurrency, AVAX, experienced a significant breakthrough when it successfully surpassed a crucial barrier at $13. This obstacle had proven to be a significant challenge for AVAX bulls in the previous weeks, hindering their upward momentum.  However, drawing inspiration from Bitcoin’s impressive surge past the $30,000 mark, AVAX followed suit and decisively shattered this [...]

The post AVAX Breaches $13 Barrier With 16% Rally – What’s The Next Price Level To Watch? appeared first on Crypto Breaking News.

Jan 17, 2023 10:45

Can Avalanche Price hit $100 in 2023?

What is the AVAX price prediction in the first quarter of 2023? Can Avalanche price hit $100 in 2023? Let's take a look at it

3 reasons why Avalanche (AVAX) price can double by March 2023

Author: Cointelegraph By Yashu Gola
United States
Jan 12, 2023 04:40

3 reasons why Avalanche (AVAX) price can double by March 2023

The latest AVAX price rally comes on the heels of Avalanche’s partnership with Amazon Web Services as the cryptocurrency market rebounds.

Jan 12, 2023 06:30

Avalanche Price Soars 35% On Amazon Partnership News

Avalanche price skyrocketed 35% from $12.23 to $16.55 mid-week. This followed the news that Ava Labs, the company behind the Avalanche blockchain project, had partnered [...]

Jan 11, 2023 06:30

Avalanche Rally Faces Turbulence But AVAX Price Stays Steady, Eyes $30 Next

Avalanche price has sustained its bullish stance mid-through the week’s trading, increasing 1.5% in 24 hours. The Layer-1 token teeters at $12.54 at the time [...]

Dec 14, 2022 06:35

Avalanche price prediction: AVAX Readies For A Massive Lift Off To $30

Avalanche price experienced a difficult streak across November as a dark cloud covered the crypto industry. Nevertheless, the overall crypto market seems to have positive [...]

Oct 11, 2022 04:50

Avalanche Sits On A Time Bomb As Price Eyes $10, Will Price Escape This?

AVAX price continues to trend downwards as price remains bearish with price trading on key support.  AVAX trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs.  The price of AVAX needs to break and hold above the key resistance of $30 to resume bullish price movement.  The price of Avalanche (AVAX) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $30 against tether (USDT). The previous weeks saw the crypto market cap as good as Bitcoin (BTC) prices and other crypto assets. Still, the price of Avalanche (AVAX) continues to struggle to join the green party as the price continues in its downtrend movement. (Data from Binance)  Related Reading: Why SHIB Price Lost Its Bullish Energy After Shiba Eternity Games’ Release Avalanche (AVAX) Price Analysis On The Weekly Chart. Despite showing some great price movement in recent weeks with so many traders and investors becoming interested in the different projects being built on the Avalanche ecosystem, which could have been a huge boost for the price to trend higher but that wasn’t the case the price has struggled to trend higher than $30.  After the price of AVAX dropped to a weekly low of $15, the price rallied from this low to a high of $30, where the price faced resistance to breaking above this region to a height of $50 as the price was rejected and has since maintained a bearish price movement. The price of AVAX bounced from $18 haven faced rejection from $22, but the price could not trend higher as the price continued to trend in a downtrend. If the price of AVAX continues in this trend, we could see the price retesting support area at $10. Weekly resistance for the price of AVAX – $21. Weekly support for the price of AVAX – $15. Price Analysis Of AVAX On The Daily (1D) Chart In the daily timeframe, the price of AVAX continues to trade above key support formed in recent weeks when the price dropped from a region of $45 to a daily low of $15.  The price of AVAX continued in its downtrend, moving in a range as the price has formed a descending triangle with what looks like a break out to the upside could be imminent. The price of AVAX needs to rally away from key support to avoid price dropping to a low of $10 if the price breaks to the downside of the descending triangle.  The relative strength index for the price of AVAX on the daily chart shows the price being dominated by sell orders as the mark is below 50. Daily resistance for the AVAX price – $18. Daily support for the AVAX price – $15. Related Reading: TA: Bitcoin Price Slides Below Key Support Amid Russia-Ukraine War Escalation Featured Image From The Coin Republic, Charts From Tradingview

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