The Avalanche (AVAX) cryptocurrency has dropped below its $25 resistance level, falling over 30% in the past month, according to CoinMarketCap. Large investors, or “whales,” have sold off $780 million worth of AVAX, reflecting concerns about the asset’s outlook.
On-chain data previously indicated strong resistance at $27, a level AVAX last touched last week. Now sitting below $26, many are questioning whether predictions of AVAX reaching $30 remain realistic.
Altcoin season is expected to kick off next month, and the crypto market is looking forward to potential rebounds for coins like AVAX. After months of resistance and bearish trends, Avalanche has broken past a local resistance trendline, signaling a bullish breakout from a descending triangle pattern.
This breakout rally positions AVAX to target the 23.6% Fibonacci level at $26.55. Currently trading at $25.20, momentum indicators suggest a strong possibility for a bullish recovery ahead.
Avalanche (AVAX) Price Prediction: When Will It Reach $30?
Despite recent challenges in the market, optimism remains strong within the crypto community for certain coins, including AVAX. According to CoinMarketCap, a significant 87% of the community holds a bullish outlook on AVAX, while only 13% are bearish.
Several crypto experts predict that AVAX could rebound to $30, although opinions vary on how quickly this could happen, with some expecting a recovery within months and others suggesting it may take longer. AVAX’s performance will also likely depend on upcoming network upgrades and its ability to maintain momentum in partnerships and ecosystem growth.
Crypto analyst Ted Pillows predicts a potential reversal for Avalanche (AVAX). The price has shown strength at a key support level, forming three consecutive bullish candles. According to Pillows, if AVAX secures a four-hour close above $26, it could trigger a breakout. He forecasts the price could reach around $30 in the coming weeks.
According to our expert’s in-depth technical and price analysis, Avalanche (AVAX) is expected to experience steady growth, with its price predicted to reach $ 30.73 by the end of March 2025.
Also Read: 10 Key Factors That Could Make This Crypto Outperform Dogecoin in 2025
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
