AVAX Price Prediction: Can Avalanche Sustain Its Rally Toward $60 and $88?

Avalanche is a layer-1 blockchain that acts as a platform and enables the seamless functioning of decentralized applications and custom blockchain networks. AVAX coin is the native cryptocurrency of the Avalanche blockchain, which can be used to pay transaction fees and secure the network through staking. AVAX is currently valued at $17.78, trading below its all-time high and near support levels, with mixed technical signals. However, AVAX displays mixed momentum; a possibility of bullish momentum is still ahead since its market conditions and ecosystem developments navigate the token into a positive direction.   

AVAX Current Market Scenario

AVAX is currently trading at $17.78, 1.3% lower than yesterday’s price. Despite AVAX’s decreased trading value, its daily trading volume has spiked and exhibited a 23% increase compared to the last 24 hours. AVAX’s price decay is mainly due to the combination of technical breakdowns, broader crypto market weakness, and the bearish sentiment in the derivatives markets. AVAX has traded 16/30 days in green, and its fear and greed index shows 26, which is fear in the market, meaning that investors and traders are cautious with its current market performance. The native crypto of Avalanche is trading below its 50-Day Simple Moving Average ($ 23.27) and 200-Day SMA ($ 22.61).     

• Market dominance: 0.21%
• Supply inflation: 5.08% (High)
• Volatility: 9.43% (High)
• Circulating Supply: 2427.08 million AVAX    

AVAX Market Outlook: Can Avalanche Rally Continue?

According to the latest market analytics, the Avalanche market outlook suggests a cautious but possible bullish momentum in the near term. According to experts, AVAX needs to trade above its 50 and 200-day SMA to reestablish an upward momentum. They also comment that AVAX must stay steady in its key support levels near $15-$17 and break above resistance zones in the $26-$35 range to experience a positive momentum that is enough to take the digital asset to a possible $50 to $88 target. Avalanche’s ecosystem developments and strategic planning are major catalysts that can drive AVAX forward. Recently, Avlanche partnered with Japan’s TIS Group to launch a new digital asset platform on AvaCloud, aiming to enhance financial infrastructure. They are also actively working to upgrade their network to boost security, transaction speed, and system stability, which will be highly beneficial for AVAX and its investor interest in the long run.

In summary, AVAX can establish a bullish momentum and continue in it if it holds critical support and gains enough traction above its resistance averages. AVAX hitting the price points like $60 and $88 is realistic and plausible, but it would require a positive technical breakdown and favorable market conditions.

AVAX Price Prediction Today: Is AVAX Coin A Good Investment?   

AVAX is trading below its 50 and 200-day SMA today and is underperforming the crypto market and exhibiting mixed market momentum. Our price prediction experts believe that AVAX will regain its upward momentum in the next days, because the macroeconomic factors like the U.S government reopening and new spot ETF launches will make a big impact on the crypto market.  

Here is the short-term price prediction of AVAX

Disclaimer: AVAX price data included in the above table is based on the current and historic price movement of the token. It is subject to change according to the market conditions.    

According to our AVAX short-term price prediction, the digital asset is expected to trade at an average maximum price of 20.84. AVAX needs to break above its resistance level of $26-$35 to initiate a positive trajectory and potentially reach the ambitious $60 and $88 price points.  

Medium-Term Price Prediction: AVAX Price Predictions 2025

According to the AVAX medium-term price prediction, the native crypto of Avalanche is expected to trade at a maximum price of $21.27 at the end of this year. AVAX’s current market sentiment is mixed, but the digital asset will likely change once its optimal market conditions are met.  

In 2025, AVAX is expected to trade in a channel between $17.85 and $21.27. Based on our medium-term price prediction, AVAX could yield a potential return on investment of 20.23% compared to the current rates. 

Long-Term Price Prediction: AVAX Price Prediction 2025-2030

Here is the long-term prediction of AVAX for the next five years, starting from 2025.

Our long-term AVAX price prediction shows that AVAX is capable enough to hit $185 in 2030. In 2025, AVAX is expected to perform with a more moderate average target between $25 and $40. The long-term growth of AVAX is imminent because the filing of spot AVAX ETFs by firms like Bitwise, VanEck, and Grayscale is a major catalyst, and once the ETFs are launched, AVAX’s institutional demand will increase, and it will ultimately lead to an unprecedented price rally.    

The Bottom Line

AVAX reaching $60 and $88 is a plausible scenario, and it can be achieved within a strong bullish scenario, but at the moment, AVAX is displaying mixed momentum, which will not help it achieve that. According to AVAX investors, a sustained upward price rally can only help attain the price mentioned above. Along with the price rally, continued institutional adoption, network upgrades, and overall positive market and regulatory environments will play a major role. Cryptocurrency price predictions are inherently speculative and involve significant risks due to the volatile and unpredictable nature of the market. Consult a financial expert or advisor before making any investment decisions.