Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Avalanche is up 13.74% today against the US Dollar
AVAX/BTC increased by 8.30% today
AVAX/ETH increased by 6.64% today
Avalanche is currently trading 22.94% below our prediction on Dec 16, 2024
Avalanche gained 38.96% in the last month and is up 33.06% since 1 year ago
Avalanche price $ 48.92 Avalanche prediction $ 63.47 (32.71%) Sentiment Bullish Fear & Greed index 74 (Greed) Key support levels $ 41.95, $ 39.29, $ 37.05 Key resistance levels $ 46.84, $ 49.08, $ 51.73
AVAX price is expected to rise by 32.71% in the next 5 days according to our Avalanche price prediction
Avalanche price today is trading at $ 48.92 after gaining 13.74% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 6.46% in the same time period. AVAX performed well against BTC today and recorded a 8.30% gain against the world’s largest cryptocurrency.
According to our Avalanche price prediction, AVAX is expected to reach a price of $ 63.47 by Dec 16, 2024. This would represent a 32.71% price increase for AVAX in the next 5 days.
AVAX Price Prediction Chart
Buy/Sell Avalanche
What has been going on with Avalanche in the last 30 days
Avalanche has been displaying a positive trend recently, as the coin gained 38.96% in the last 30-days. The medium-term trend for Avalanche has been bullish, with AVAX increasing by 103.96% in the last 3 months. The long-term picture for Avalanche has been positive, as AVAX is currently displaying a 33.06% 1-year price change. On this day last year, AVAX was trading at $ 36.76.
Avalanche reached its all-time high price on Nov 21, 2021, when the price of AVAX peaked at $ 146.18. The current AVAX cycle high is $ 65.26, while the cycle low is at $ 8.69. AVAX has been displaying high volatility recently – the 1-month volatility of the coin is at 16.13. Avalanche recorded 16 green days in the last 30 days.
Avalanche technical analysis for today - Dec 12, 2024
The sentiment in the Avalanche markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 41.95, $ 39.29 and $ 37.05, while $ 46.84, $ 49.08 and $ 51.73 are the key resistance levels.
Bullish sentiment for Avalanche
27 indicators are currently signaling a bullish prediction for Avalanche, while 4 indicators are showing a bearish forecast. With 87% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Avalanche.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 74 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Avalanche moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Avalanche is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 43.06 (BUY) $ 42.70 (BUY) - - MA5 $ 47.12 (BUY) $ 38.68 (BUY) - - MA10 $ 47.90 (BUY) $ 34.14 (BUY) - - MA21 $ 44.55 (BUY) $ 30.79 (BUY) $ 13.27 (BUY) $ 30.84 (BUY) MA50 $ 35.09 (BUY) $ 28.11 (BUY) $ 22.72 (BUY) $ 29.66 (BUY) MA100 $ 30.60 (BUY) $ 27.58 (BUY) -$ 6.01 (BUY) $ 24.69 (BUY) MA200 $ 31.29 (BUY) $ 28.75 (BUY) $ 7.91 (BUY) $ 4.62 (BUY)
Period Value Action RSI (14) 54.78 NEUTRAL Stoch RSI (14) 0.00 BUY Stochastic Fast (14) 21.66 NEUTRAL Commodity Channel Index (20) -66.67 NEUTRAL Average Directional Index (14) 43.39 SELL Awesome Oscillator (5, 34) 9.35 NEUTRAL Momentum (10) -0.33 SELL MACD (12, 26) -0.68 NEUTRAL Williams Percent Range (14) -78.34 NEUTRAL Ultimate Oscillator (7, 14, 28) 50.00 NEUTRAL VWMA (10) 50.12 SELL Hull Moving Average (9) 47.26 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 43.14 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Avalanche is at 54.78, suggesting that AVAX is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Avalanche over the last 50 days. Currently, Avalanche is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the AVAX closing price for the last 200 days. AVAX is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Avalanche prediction
After considering the above factors, we can conclude that the current forecast for Avalanche price prediction is Bullish. AVAX would have to increase by 32.71% to hit our $ 63.47 target within the next five days. Moving forward, it will be important to monitor the AVAX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Avalanche price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
