Avalanche (AVAX) is currently trading at $41.65, down 3.05% in the last 24 hours, underperforming the total cryptocurrency market cap, which decreased by 2.30% in the same period. AVAX also recorded a 2.54% loss against Bitcoin (BTC) today. Despite the recent downturn, our Avalanche price prediction expects AVAX to reach $54.74 by March 15, 2024, representing a 30.11% increase in the next five days.

In the past 30 days, Avalanche has shown a positive trend, gaining 6.95%. However, the medium-term trend has been bearish, with AVAX dropping by 0.34% in the last three months. The long-term picture remains positive, as AVAX has displayed a 187.02% price change in the past year.

The current market sentiment for Avalanche is bullish, with the Fear & Greed index reading "Extreme Greed." Key support levels for AVAX are $42.45, $41.89, and $41.35, while resistance levels are $43.55, $44.09, and $44.65. It is crucial to monitor market sentiment, support and resistance levels, and other metrics moving forward. However, the unpredictable nature of the cryptocurrency markets and the volatility of even the largest crypto assets must be taken into account.