[Avalanche Price Analysis: Here’s Why AVAX Surges 458%]
Avalanche (AVAX) prices have rebounded strongly recently, reaching a new high of $45, up 158% from the August lows. Technical analysis shows that AVAX is supported by a number of positive factors and is poised for further gains in the near term.
On the daily chart, AVAX has formed a golden cross, with the 50-day moving average breaking above the 200-day moving average and surpassing the cloud layer of the Ichimoku Balance indicator. Meanwhile, an inverse head and shoulders pattern and a break above key resistance at $37.62 point to rising bullish sentiment in the market. Technical indicators such as the RSI and MACD further reinforce this trend.
AVAX may be forming a cup-and-handle pattern, with an upper price target of $65. If the distance between the bottom of the cup and the upper edge is measured and extrapolated, the predicted price can reach $240, which is 458% higher than the current price. But if it falls below $30, the prediction becomes invalid.
Analysts are generally bullish on AVAX, with Satoshi Flipper noting a falling wedge pattern on the weekly chart with a price target of $120, and another predicting a rise to $200. Avalanche is also seen as an alternative to Solana, which currently costs over $250, and Avalanche's $43 price tag is considered attractive.
In terms of ecosystem, Avalanche’s decentralized exchange (DEX) transaction volume reached US$2 billion in the past seven days, and the cumulative transaction volume reached US$174 billion. Its futures open interest hit a record high of $534 million, indicating strong market demand. If it can attract more meme coin transactions, Avalanche is expected to further catch up with Solana.
In addition, Avalanche may become a spot ETF candidate supported by the Trump administration. If the policy is friendly, it will bring additional benefits to AVAX and further promote its price performance.
